Multiple Choice
High rates of unemployment:
A) Indicate that society is not using a large portion of the talent and skills of its people
B) Are associated with higher price levels
C) Always correspond to a decrease in nominal GDP
D) Do not affect an economy's output of goods and services
Correct Answer:

Verified
Correct Answer:
Verified
Q34: Economists believe that most short-run fluctuations are
Q52: Suppose that an economy's output does not
Q104: Which of the following is NOT a
Q105: Macroeconomic models help clarify important questions such
Q106: If prices are inflexible, then a negative
Q108: Suppose that real GDP increases by 5%
Q110: Price wars among firms:<br>A) Tend to reduce
Q112: Suppose a small economy produces only MP3
Q113: Macroeconomics is primarily concerned with studying two
Q144: An unexpected negative demand shock would lead