If the existing unemployment rate is 6.2 percent and the natural unemployment rate is 4.5 percent, the cyclical unemployment rate is ________ percent.

Let C = 800 + 0.6y and I = 100. Assume no government or foreign sectors. If investment decreases by 40, then the value of the multiplier is

A) -2.5. B) -1.67. C) 1.67. D) 2.5.

A monopolist that does not price discriminate will set the output level where

a. P = MC b. P = MR c. TR = TC d. MR = MC e. P = ATC