The actual unemployment rate is equal to ________
A) the natural rate of unemployment plus the cyclical rate
B) the natural rate of unemployment minus the cyclical rate
C) the natural rate of unemployment times the cyclical rate
D) the natural rate of unemployment divided by the cyclical rate
A
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When economists speak of preferences as influencing demand, they are referring to
A) directly observable changes in prices and income. B) an individual's attitudes toward goods and services. C) the excess of wants over the available supplies. D) the availability of a good to all income classes.
In Figure 20.2, the increase in Real GDP might reflect 
A. increased marginal tax rates on capital income. B. increased raw materials prices. C. increased standards of environmental protection. D. increased education among workers.