One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?

Related Mcqs:

Who is called the father of Economics?

A. J.P Kense B. David Ricordo C. Adam Smith D. Mankew...

For economists, the word “utility” means:

A. versatility and flexibility B. rationality C. pleasure and satisfaction D. purposefulness...

In economics, the pleasure, happiness, or satisfaction received from a product is called ______?

A. marginal cost B. rational outcome C. status fulfillment D. utility...

When economists say that people act rationally in their self interest, they mean that individuals _______?

A. look for and pursue opportunities to increase their utility B. generally disregard the interests of others C. are mainly creatures of habit D. are unpredictable...

According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:

A. people are greedy B. productive resources are limited C. human beings are inherently insecure D. people are irrational...