Author Question: Unemployment will decrease over time if: a. actual GDP increases faster than potential GDP. b. ... (Read 58 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
Unemployment will decrease over time if:
 a. actual GDP increases faster than potential GDP.
  b. actual GDP increases at the same rate as potential GDP.
  c. acutal GDP remains the same but potential GDP increases.
  d. actual GDP increases at a less than proportionate rate than potential GDP.
  e. actual GDP decreases but potential GDP increases.

Question 2

To an economist, individuals are acting rationally if they are striving to do their best to achieve their goals.
 a. True
  b. False
  Indicate whether the statement is true or false



Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

a

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

For a complete list of videos, visit our video library