When the economy is at full employment the
A) natural unemployment rate is equal to 0 percent.
B) natural unemployment rate equals the unemployment rate.
C) natural unemployment rate is equal to 10 percent.
D) unemployment rate is equal to 0 percent.
B
Economics
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The balance of payments accounts record all of the following EXCEPT the country's
A) domestic investment. B) international lending. C) international borrowing. D) change in official reserves. E) international trading.
Economics
Suppose the nominal interest rate is 1% and the rate of inflation is 3%. The real interest rate is therefore
A) -2%. B) 2%. C) 4%. D) 5%.
Economics