For a competitive equilibrium in a two-period model, all of the following must be true except
A) each consumer picks first- and second-period consumption given the real interest rate.
B) there must be an equal number of borrowers and lenders.
C) the government's present-value budget constraint holds.
D) the credit market clears.
B
Economics
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The difference between actual and natural unemployment rates is called ________ unemployment
A) turnover B) mismatch C) cyclical D) measured
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