In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain positive and firms will continue to ________ production

A narrow target zone exchange rate band (such as the EEC had until 1992 ) is most similar to

A) a flexible exchange rate system. B) a single currency. C) a fixed exchange rate system. D) an undervalued currency. E) a managed floating exchange rate.

Which of the following would cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true degree of joblessness in the economy?

A) discouraged workers B) unemployed persons who falsely report themselves as actively looking for a job C) retired people who have no intention of returning to work D) people with part-time jobs who would prefer to be working full time