occur whenever a third party receives or bears costs arising from an economic transaction in which the individual (or group) is not a direct participant. a. Pecuniary benefits and costs
b. Externalities
c. Intangibles
d. Monopoly costs and benefits

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Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million