A nonpolicy reason for the reduction in the natural rate of unemployment is the
A. expansionary nature of monetary policy.
B. aging of the U.S. labor force.
C. decline in interest rates.
D. growing federal budget surplus.
Answer: B
Economics
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Cooperative efforts to establish a regional free trade area in the Asian-Pacific corridor have been hampered by perceived security threats posed by China and Japan as well as
a. fears of fragmenting the global trading system. b. existing relationships with the U.S. as a trading partner. c. the current Trans Pacific Partnership. d. the wide range of forms of government.
Economics
In the above figure, Brendan originally consumes at point A. If his income rises and compact discs are a normal good but haircuts are an inferior good then he will begin consuming at a point such as
A) E. B) B. C) C. D) D.
Economics