Suppose the natural unemployment rate equals 6 percent and the current unemployment rate is 8 percent. We can conclude that
A) there is no structural unemployment.
B) there is no frictional unemployment.
C) there is no cyclical unemployment.
D) full employment is not occurring.
D
Economics
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Which of the following is true of central banks?
A) They are responsible for issuing currency. B) They control the amount of money in circulation. C) They have considerable influence over the level of interest rates. D) all of the above
Economics
The actual multiplier for the U.S. economy is estimated to be
a. about 10. b. approximately 5. c. between 3 and 4. d. less than 2.
Economics