When expectations are rational, disequilibrium in the labor market would exist only temporarily as a result of unpredictable shocks in the economy.

Compared to other economies, the unemployment rate in the United States ________

A) is relatively high B) is relatively low C) is remarkably stable D) is neither particularly high nor low E) varies too much for a reasonable comparison

If an asset has a future value of $120, a present value of $30, and an interest rate of 4%, how many periods of compounding are there?

A) 45 periods B) 35 periods C) 28 periods D) 100 periods