Which of the following statements about the natural rate of unemployment is correct?
A) Currently, most economists think that the natural rate is between 5% and 6%.
B) Currently, most economists believe the natural rate is zero.
C) When unemployment is at its natural rate, then only frictional unemployment remains.
D) When unemployment is at its natural rate, then only structural unemployment remains.
A
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A common element in all of the banking crisis episodes in different countries is
A) the existence of a government safety net. B) deposit insurance. C) increased regulation. D) lack of competition.
Marginal cost pricing for an information product
A. would allow the firm to break even. B. would cause the firm to expand output to increase economic profits. C. would cause the firm to earn economic profits. D. would cause the firm to experience economic losses.