Actual unemployment can exceed the natural rate of unemployment due to
A) cyclical unemployment. B) structural unemployment.
C) frictional unemployment. D) all of the above.
A
Economics
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A 45-degree line on a graph with expenditures, E, on the vertical axis and production, Y, on the horizontal axis, represents
A) the line of disequilibrium levels of income. B) all possible equilibrium levels of production and expenditures. C) some of the equilibrium levels of production and expenditures. D) None of the above.
Economics
The nominal rate of interest is 4% and the anticipated rate of inflation is 5%. What is the real rate of interest?
A) 1% B) -1% C) 4% D) 9%
Economics