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Author Question: When the unemployment rate is ________ the natural unemployment rate, real GDP is ________. A) ... (Read 89 times)

appyboo

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on: Jun 29, 2018
When the unemployment rate is ________ the natural unemployment rate, real GDP is ________.
 
  A) above; increasing
  B) above; above potential GDP
  C) below; above potential GDP
  D) below; increasing
  E) equal to; either equal to potential GDP or above potential GDP

Question 2

The ultimate or absolute measure of value in the opportunity cost perspective
 
  A) does not exist.
  B) is the labor embodied in goods.
  C) is the money price of the goods.
  D) is the nonrenewable resources consumed in producing the goods.


kingdude89

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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