The actual rate of unemployment will be greater than the natural rate of unemployment when
a. the actual output is less than the economy's potential output.
b. the actual output is greater than the economy's potential output.
c. the actual output is equal to the economy's potential output.
d. the inflation rate has been relatively constant for several years.
A
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In the figure above, when the market is in equilibrium, marginal benefit ________ marginal cost, so the quantity of pizza produced is ________
A) equals; efficient B) exceeds; efficient C) is below; efficient D) is below; not efficient E) exceeds; not efficient
You have a bond that pays $60 per year in coupon payments. Which of the following would result in an increase in the price of your bond?
A) The price of a share of stock in the company falls. B) Coupon payments on newly-issued bonds fall to $50 per year. C) Coupon payments on newly-issued bonds rise to $80 per year. D) The likelihood that the firm issuing your bond will default on debt increases.