The natural rate of unemployment (i) is the economy's desirable level of unemployment. (ii) arises from a single problem that has a single solution. (iii) is the amount of unemployment that does not go away on its own

Why does a government impose controls or restrictions on converting domestic currency to foreign currency (capital controls)?

a. The government is trying to stop the rapid decline in value of the domestic currency. b. The government wants to speculate on its own currency c. The government is trying to suppress international trade d. The government is trying to avoid imposing taxes on citizens.

To say that a price ceiling is nonbinding is to say that the price ceiling

a. results in a surplus. b. is set above the equilibrium price. c. causes quantity demanded to exceed quantity supplied. d. All of the above are correct.