If other things are constant, the longer the average unemployed worker searches before accepting a job
A) the lower will be the measured unemployment rate.
B) the higher will be the measured unemployment rate.
C) the lower will be the natural unemployment rate.
D) none of the above.
B
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The proposition that policy actions have no real effects in the short run if the policy actions are anticipated is known as
A) the policy irrelevance proposition. B) the Keynesian proposition. C) the inflation stabilization proposition. D) the unemployment stabilization proposition.
Which of the following tools does the Fed use to pursue its objectives?
A) It influences short-run and long-run interest rates. B) It provides loans to new firms and businesses at extremely low rates of interest. C) It determines the efficient level of government spending. D) It influences market prices through price ceilings and price floors.