Dido loses her job because sales are slow at her firm, due to new technologies that make the firm’s work unnecessary. This is an example of ________ unemployment.

An unemployment rate that is below the natural rate indicates that there is some ________ unemployment, and we say that the economy is in a ______________.

Suppose the government reduces the number of weeks a worker who becomes unemployedcan collect unemployment insurance payments. This would cause ________ unemployment to ________.

Subway purchases tomatoes from a tomato farmer for $2,000, and bread from a bakery for $3,000. They then use these, and other ingredients to create sandwiches that are sold to customers for $8,000. How much does total gross domestic product (GDP) increase by?

You get a pay raise and feel richer even though your raise did not keep up with inflation; this is best described as

Consider the data to answer the following question: Country GDP Population A $32,000 1,500 B $20,000 1,000 C $10,000 500 D $10,000 2,000 E $8,000 800 Using the information from the previous table, which country has the lowest average living standard?

In Nation A, the price index rises from 110 to 120 in a particular year. In the same year, the price level rises from 120 to 130 in Nation B. This means

When actual unemployment (u) is equal to its natural rate (u*), the

Which of the following is a sign that an economy is in poor health?

Consider an economy producing below its full employment output level (Y*). In this case the unemployment rate (u) is