Policymakers often use the natural rate of unemployment as a basis in policy formulations

The slope of the indifference curve for goods X and Y is called the marginal:

a. product rate. b. rate of transformation. c. rate of substitution. d. rate of utility.

Fiscal policy is

a. the deliberate control of the money supply to achieve macroeconomic goals. b. the use of the government's regulatory powers to improve economic efficiency. c. the operation of business enterprises by the government. d. the use of government taxation and expenditures to achieve macroeconomic goals.