If the natural unemployment rate is 5.5 percent, then the economy is at long-run equilibrium when the actual unemployment rate is
A) more than 5.5 percent.
B) between 0 and 5.5 percent.
C) 0 percent.
D) 5.5 percent.
E) none of the above
D
Economics
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The "velocity" of money is
A) the ratio of real GDP to the real money supply. B) the real money supply divided by the real GDP. C) the money supply divided by the price level. D) the money supply multiplied by the price level.
Economics
An optimal tax on pollution would result in which of the following?
a. Producers will choose not to produce any pollution. b. Producers will internalize the cost of the pollution. c. Producers will maximize production. d. The value to consumers at market equilibrium will exceed the social cost of production.
Economics