The actual unemployment rate exceeds the natural rate of unemployment. What are policymakers concerned about in this situation?
What will be an ideal response?
If the actual unemployment rate exceeds the natural rate of unemployment, the economy is not operating near its full potential. Policymakers will want to stimulate spending thereby production and employment to move the unemployment rate towards the natural rate.
Economics
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Alex, Bill, and Cid live in Souland. Their annual incomes and the amounts they pay in income tax are shown in the table below. Income Tax Alex 30,000 6,000 Bill 20,000 4,000 Cid 40,000 8,000 The income tax in Souland is
A) proportional. B) disproportional. C) regressive. D) progressive.
Economics
When there is a positive externality in a free market, too much of the good is produced and consumed
Indicate whether the statement is true or false
Economics