ust post as writemaster

Part of the reason that economists are concerned about unemployment is that

 

Unemployment due to the fact that workers have difficulty in the search for appropriate job offers is

 

The approach used in the U.S. to measure the economy’s aggregate performance is

 

Refer to the above table. Real GDP in 2005 is

 

Comparing GDP across countries is unrealistic unless we make adjustment in exchange rates to take into account differences in the cost of living. That process is known as

 

The relationship between the rate of saving and per capita real GDP is

 

Other things held constant, higher savings rates lead to

 

Labor productivity is computed as

 

Deflation is defined as a situation in which

 

Suppose that you borrow $5,000 from the bank to purchase some land and you agree to pay 9 percent interest on the loan. If the loan must be repaid in 12 months and the inflation rate is 13 percent during the year, then