If the economy is operating at the natural rate of unemployment, which of the following is essentially eliminated?

a. frictional unemployment
b. structural unemployment
c. cyclical unemployment
d. all of the above

c

Economics

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In calculating multifactor productivity growth, the elasticity of output to changes in capital (given as "b" in the textbook) is assumed to be

A) one minus the population growth rate. B) the depreciation rate. C) the share of capital income in GDP.

Economics

Why did the Kyoto Protocol have only a small impact on overall global greenhouse-gas emissions? Which two countries missed their targets by the largest amounts?

What will be an ideal response?

Economics