Suppose the natural rate of unemployment is 5 percent. If the actual unemployment rate is 4 percent, then the cyclical unemployment rate is
A) -1 percent.
B) 1 percent.
C) 9 percent.
D) 0 percent as cyclical unemployment cannot be less than zero.
A
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Smallville has experienced a fall in its birth rate over time. This will cause: a. the long-run aggregate supply curve to shift rightward
b. the long-run aggregate supply curve to shift leftward. c. an upward movement along the long-run aggregate supply curve. d. a downward movement along the long-run aggregate supply curve.
A corporation's earnings are
a. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants minus the dividends paid out. b. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists minus the dividends paid out. c. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants. d. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists.