Peter's monthly income increases from $1,500 to $1,600. As a result, he increases the number of DVDs he buys per month from 2 to 3. Peter's demand for DVDs is

Which of the following explain the natural rate of unemployment?

i. job search ii. the Okun Gap iii. the production function A) iii only B) ii and iii C) i and ii D) i and iii E) i only

______ is a fixed-weight index that is based on a consumption bundle actually purchased in the base year.

A. A Lespeyres price index B. Compensating variation C. Real income D. The inflation rate