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Author Question: To think at the margin means to consider A) how people behave in their own self-interest. B) how ... (Read 60 times)

mynx

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on: Jun 30, 2018
To think at the margin means to consider
 
  A) how people behave in their own self-interest.
  B) how a small change in one variable affects another variable.
  C) how people will decide what to purchase.
  D) how nothing remains constant over time.

Question 2

What is meant by the natural rate of unemployment?
 
  What will be an ideal response?
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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SAUXC

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

The natural rate of unemployment the rate of unemployment estimated to prevail in long-run macroeconomic equilibrium, when all workers and employers have fully adjusted to any changes in the economy.


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