Suppose that the unemployment rate equals 4.5 percent and that the natural unemployment rate is 5.5 percent. We can conclude that
A) the output gap is negative.
B) the output gap equals zero.
C) the output gap is positive.
D) we have mismeasured the natural unemployment rate.
C
Economics
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The quantity effect of a price decrease by a monopolist is based on:
A) the Law of Supply. B) the Law of Demand. C) the Law of Increasing Returns. D) the Law of Diminishing Returns.
Economics
Refer to the given data. If disposable income was $325, we would expect consumption to be:
A. $315.
B. $305.
C. $20.
D. $290.
Economics