Natural Rate Quizzes, Questions & Answers

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This Econ 203 Final Questions quiz assesses understanding of macroeconomic concepts such as the natural rate of unemployment, sticky price theory, and impacts of monetary policy changes. It prepares learners for advanced economic...

Questions: 9 | Attempts: 401 | Last updated: Mar 20, 2025

Sample Question 1
The natural rate of unemployment is the.....

Unemployment rate that would prevail with zero inflation

Rate associated with the highest possible level of GDP

Difference between the LR and SR unemployments

Amount of unemployment the economy normally experiences

None of them are right

Sample Question 2
The sticky price theory of the SRAS curve states that when prices fall unexpectedly some firms will have....

Lower than desired prices which increases sales

Higher than desired prices which increases sales

Lower than desired prices which decreases sales

Higher than desired prices which decreases sales

Sample Question 3
Which of the following is true concerning a CLOSED economy...

Unmployment rises as the economy moves from A to B

Either fiscal or monetary policy could be used to move the economy from B to A

If the economy is left alone then as the economy moves from B to LR equilibrium the P level would fall farther

All of the above