When the unemployment rate is greater than the natural unemployment rate, real GDP is
A) greater than full employment GDP.
B) less than potential GDP.
C) equal to potential GDP.
D) greater than potential GDP.
E) unrelated to potential GDP.
B
Economics
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The quantity of money decreases if
A) banks loan all excess reserves. B) the Treasury Department issues fewer government securities. C) the desired reserve ratio decreases. D) the Fed buys U.S. government securities. E) the currency drain ratio increases.
Economics
The private cost of a good or service is the cost borne by those who do not produce the good or service
Indicate whether the statement is true or false
Economics