The natural rate of unemployment:
A. can vary over time and will differ across countries.
B. can vary over time but tends to be the same across countries.
C. tends to remain constant over time but at different levels for different countries.
D. tends to remain constant over time and is the same across countries.
Answer: A
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A nation joining a currency union must subject itself to the ______ policies of the union, which may or may not conform to its own objectives or economic or political values.
A) fiscal B) economic C) monetary D) accounting
Gross domestic product is the sum of the purchase price multiplied by the quantity of:
a. goods and services exchanged during the period. b. final goods and services produced domestically during the period. c. goods and services produced domestically during the period minus the depreciation of productive assets. d. final goods and services plus intermediate goods produced domestically during the period.