Macroeconomics

Friedman’s theory of the natural rate of unemployment and output a. i

Friedman’s theory of the natural rate of unemployment and output a. indicates the power of the central bank to target levels of unemployment. b. demonstrates the limits to the trade-off between inflation and unemployment. c. is the theoretical foundation for the monetarist belief that, in the long run, the influence of the money stock is […]

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Date: September 10th, 2020

According to Monetarists, the natural rate of unemployment in each cou

According to Monetarists, the natural rate of unemployment in each country will be determined by the structural characteristics of the a. the productive efficiency of that country. b. relationship between the actual price level and the expected price level. c. the monetary policy of that country. d. Both a and b e. All of the […]

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Date: September 10th, 2020

All of the following trends and characteristics of American population

All of the following trends and characteristics of American population growth occurred from Independence to the Civil War except (a) The size of the average family was increasing. (b) Populations living in urban places increased. (c) There was extensive settlement in rural areas. (d) Growth was very rapid.   ANSWER (a)

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Date: September 10th, 2020

The evidence shows that in 1860–1910 (a) population and annual hour

The evidence shows that in 1860–1910 (a) population and annual hours worked grew more rapidly than did the employed labor force. (b) population grew more rapidly than the labor force, but annual hours worked grew less rapidly. (c) population grew less rapidly than did the employed labor force, and the work day shortened. (d) population, […]

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Date: September 10th, 2020