The natural unemployment rate includes

a. both frictional and structural unemployment.
b. neither frictional nor structural unemployment.
c. structural but not frictional unemployment.
d. frictional but not structural unemployment.

a

Economics

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Differentiate between the following

a) Normal goods and inferior goods b) Substitutes and complements

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The Ricardo-Barro effect of a government budget deficit refers to

A) a change in private savings supply. B) a large crowding out effect from a government budget deficit. C) a large crowding out effect from a government budget surplus. D) the international impact of government deficits.

Economics