Which of the following represents the largest source of income for U.S. households?

Demand for a particular type of apple is always strong in the beginning of fall. As a result, grocery stores typically face a _____ of these apples, causing them to _____ their price for the good

a. shortage; raise b. surplus; raise c. shortage; reduce d. surplus; reduce

If the natural rate of unemployment is 4.5 percent and the actual unemployment rate is 6.5 percent, then Okun's law indicates that the GDP gap is:

A.  2 percent B.  3 percent C.  4 percent D.  6 percent