Suppose that the natural unemployment rate is 4.5%, and the actual unemployment rate is 3.5%. Then cyclical unemployment is

Slowdonia's current growth rate of real GDP per person is 1% a year.How long will it take to double real GDP per person?

Suppose a country's population grows by 2% a year and at the same time its real GDP shrinks by 1% a year. Real GDP per person is increasing by ________ a year.

If the nominal interest rate is 7% percent and the inflation rate is 9%, then the real interest rate is approximately

If other things remain constant, an decrease in the quantity of money

a.shifts the aggregate demand curve rightward.

b.shifts the aggregate demand curve leftward.

c.shifts the aggregate supply curve leftward.

d.shifts the aggregate supply curve rightward.

e.creates a movement down along the aggregate demand curve.

When the actual unemployment rate is equal to the natural unemployment rate, then

a.the inflation rate must be zero.

b.the long-run aggregate supply curve is upward sloping.

c.the short-run aggregate supply curve is vertical.

d.the economy is operating at potential GDP.

e.the money wage rate will rise.

If export increases by $200, and as a result income increases by $800, then the

a.the multiplier is 1/4.

b.the slope of the AE curve is 0.75.

c.the slope of the AE curve is 1/4.

d.the multiplier is 3.

none of the above applies