The natural rate of unemployment is the amount of unemployment
A) associated with the business cycle.
B) that exists when the economy goes into recession.
C) equal to frictional plus structural unemployment.
D) that exists when the economy is in an expansion.
C
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An initial deficiency in reserves of $20 and a required reserve ratio of .5 lead to a maximum demand deposit contraction of
A) $8. B) $40. C) $50. D) $80.
Are jobs the key to economic progress and the achievement of high income levels?
A) Yes, when full employment is present, the income levels of the residents will be at their maximum. B) Uncertain, jobs are the key for a market economy, but they are less important for a centrally planned economy. C) No, the people must be employed in jobs where they are producing goods and services that are valued highly relative to cost. D) Yes, as long as people are working, income levels will b