In the last half of 1999, the U.S. unemployment rate was about 4 percent. Historical experience suggests that this is
a. above the natural rate, so real GDP growth was likely low.
b. above the natural rate, so real GDP growth was likely high.
c. below the natural rate, so real GDP growth was likely low.
d. below the natural rate, so real GDP growth was likely high.
d
Economics
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Each step up the education ladder improves the incomes of white males but not of black males
Indicate whether the statement is true or false
Economics
When we estimate a regression to determine the relationship between changes in consumption and changes in current income, we find that
A) there are no residuals. B) the R2 is zero. C) the MPC is larger than one. D) all of the above E) none of the above
Economics