Economic growth is measured by

An example of a frictionally unemployed individual is

How can economic activities that boost GDP negatively impact well-being in the long term?

The unemployment that fluctuates over the business cycle is called

Citicorp charges an 11 percent interest rate on all new car loans. If the inflation rate is 6 percent, Citicorp receives a real interest rate of

Suppose the CPI for this year is 95. This number means that

Using the table above, the labor force participation rate is

Why might inflation lead to businesses making incorrect investment decisions?

Nominal GDP increases

In the context of sticky wages, why might employers be hesitant to reduce wages during an economic downturn?