The least likely result of import quotas and voluntary export restraints is:
A. Increased revenue for the government.
B. A decrease in the quantity of imports of the product.
C. A shift in production toward higher-cost suppliers.
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Long-term sustainable growth of an economy is least likely to result from growth in:
A. The supply of labor.
B. Capital per unit of labor.
C. Output per unit of labor.
When the economy is operating at the natural rate of unemployment, it is most likely that:
A. Inflation is accelerating.
B. Frictional unemployment is absent.
C. Structural unemployment is present.
Labor productivity is most likely to increase as a result of a （n）:
A. Increase in physical capital.
B. Decrease in net immigration.
C. Increase in the labor force participation rate.
If money neutrality holds, the effect of an increase in the money supply is:
A. Higher prices.
B. Higher output.
C. Lower unemployment.
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