At full employment the unemployment rate equals the
A) cyclical unemployment rate.
B) structural unemployment rate plus the frictional unemployment rate.
C) structural unemployment rate plus the cyclical unemployment rate.
D) structural unemployment rate.
B
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The current exchange rate system in the United States is best described as a
A) silver standard. B) fixed exchange rate system. C) managed float exchange rate system. D) gold standard.
Which of these economic changes was observed during the Great Depression?
a. A fall in the domestic price level leading to an increase in import demand b. A fall in resource prices leading to an increase in aggregate supply c. An increase in unemployment leading to a decrease in the aggregate demand d. An increase in the domestic price level leading to an increase in export demand e. An increase in real GDP leading to an increase in the real interest rate