The growth rates of actual and potential GDP
A. are similar in both the short and long run.
B. are similar in the short run but not the long run.
C. are similar in the long run but not the short run.
D. are different in both the short and long run.
Answer: C
Economics
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When the actual exceeds the natural unemployment rate, this means that we have ________ unemployment
A) positive structural B) negative structural C) positive cyclical D) negative cyclical
Economics
Starting from equilibrium and using the ISLM framework, a decrease in investment leads to
A) lower interest rates and higher income. B) higher interest rates and higher income. C) lower interest rates and lower income. D) higher interest rates and lower income.
Economics