The unemployment rate at full employment is
A) the natural unemployment rate.
B) equal the amount of unemployment caused by job search.
C) zero.
D) equal to the rationed rate of unemployment.
E) undefined because the economy is never at full employment.
A
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If the cross elasticity of demand for DVD players and DVDs equals -2, then the products are
A) unrelated. B) complements. C) inferior goods. D) substitutes. E) normal goods.
What is velocity of money?
A) It is the number of times households convert bonds to money to facilitate economic transactions. B) It is the rate at which money supply is spent to obtain the goods and services that make up GDP during a particular time period. C) It is the rate at which money supply can grow while keeping the price level stable. D) It is the number of times the money supply is spent to obtain the goods and services that make up GDP during a particular time period.