The natural rate of unemployment is the unemployment rate that would exist in the absence of _____

One way to minimize the deadweight loss resulting from a specific tax is to

a. tax only wealthy firms and individuals. b. spread the tax over many goods and services. c. tax goods for which either supply or demand is inelastic. d. tax luxury items such as yachts and sports cars.

The purchasing power parity theory is limited in its applicability by the facts that some goods are not internationally traded and some countries impose tariffs on imported goods

a. True b. False Indicate whether the statement is true or false