题目内容

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.

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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.

Purchases of securities in the open market by the monetary authorities are least likely to increase:

A. Excess reserves.
B. Cash in investor accounts.
C. The interbank lending rate.

For an economy that is initially at full-employment real GDP, an increase in aggregate demand will most likely have what effects on the price level and real GDP in the short run?

A. Both will increase in the short run.
B. Neither will increase in the short run.
C. Only one will increase in the short run.

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