When we assume that investment is autonomous we imply that:
a. it is a fixed constant amount.
b. it is independent of current real GDP.
c. it is a positive function of interest rates.
d. it is actually zero.
e. it has no impact on consumption.
b
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What types of unemployment will still exist when the economy is at the natural rate of unemployment?
A) frictional, structural, and cyclical unemployment B) frictional and cyclical unemployment only C) frictional and structural unemployment only D) structural and cyclical unemployment only
Under the Bland-Allison Act of 1878,
(a) the U.S. Treasury committed to buying silver for coins at the current market price. (b) the U.S. Treasury committed to buying gold for coins at a set price. (c) the U.S. was placed on the gold standard. (d) the National Monetary Commission was created.