The natural rate of unemployment
a. is always constant.
b. is always equal to 5%.
c. can vary over time and from country to country.
d. has been rising in recent years in the U.S.
e. is very similar across countries
C
Economics
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Which of the following is NOT part of the business cycle?
A) recession B) expansion C) peak D) trough E) inflation
Economics
Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D1 and S1 (point A). If there is a shortage of apples, how will the equilibrium point change?
A) There will be no change in the equilibrium point. B) The equilibrium point will move from A to B. C) The equilibrium point will move from A to C. D) The equilibrium point will move from A to E.
Economics