Along the short-run Phillips curve SRPC2 the natural unemployment rate is
A) 8 percent.
B) 3 percent.
C) 4 percent.
D) 6 percent.
E) an amount that can be determined from the figure but none of the above answers is correct.
C
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An above full-employment equilibrium is
A) a theoretical possibility but cannot happen in reality. B) the equilibrium in which the economy is in most of the time. C) when real GDP exceeds potential GDP. D) the period of time when prices are falling.
The provision of the Patient Protection and Affordable Care Act (ACA) which states that insurance companies are required to participate in a high-risk pool that will insure individuals with pre-existing medical conditions who have been unable to buy
health insurance for at least six months is the ________ provision. A) state health insurance marketplaces B) employer mandate C) individual mandate D) regulation of health insurance