The full-employment level of real GDP is the level which can be produced with:
a. given technology and productive resources
b. frictional and structural unemployment equal to zero.
c. cyclical unemployment equal to zero.
d. both a and b.
e. both a and c.
e
Economics
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When the yield curve is flat or downward-sloping, it suggest that the economy is more likely to enter
A) a recession. B) an expansion. C) a boom time. D) a period of increasing output.
Economics
If the national debt is owed entirely to U.S. citizens,
A. paying off the debt will necessarily stimulate growth. B. future interest payments on the debt are not a burden to the nation as a whole. C. future economic growth will necessarily be slowed. D. the debt constitutes a burden to these citizens.
Economics