Question

(21)
The lowest rate of unemployment that does not create inflationary pressure is called the NERU: Non-Expansionary Rate of Unemployment MUR: Minimal Unemployment Rate NAIRU: Non-Accelerating Inflation Rate of Unemployment NRU: Natural Rate of Unemployment
(22)
The Marxian view of the business cycle is that economic fluctuations occur because capitalism must increase the rate of exploitation of workers in order to increase profits. consumers are not spending enough to stimulate growth in the economy. the government does not have enough planning to be able to stop the cycles. “creative destruction” forces major changes in the composition of the economy.
(23)
Which of the following correctly expresses the quantity theory of money? money × the price level = velocity × real output money × velocity = price level × real output velocity × real output = price level × money price level × velocity = real output
(24)
In Figure A, which line in the graph represents a minimum wage above the market wage rate? Line 1 Line 2 Line 3 Line 4
(25)
In this diagram of the business cycle, the trough is at point A B C D

Answer 1

21)The lowest rate of unemployment that does not create inflationary pressure is called the NAIRU: Non-Accelerating Inflation Rate of Unemployment.

22) The Marxian view of the business cycle is that economic fluctuations occur because capitalism must increase the rate of exploitation of workers in order to increase profits.

23) The quantity theory of money is expressed as money * velocity = price * Real output

24)Line 1 in the graph represents a minimum wage above the market wage rate.

25)In the  given diagram of business cycle, point C is a trough.