Changes in the price level don't affect the unemployment rate if
A. the aggregate supply curve is flat.
B. the aggregate demand curve is steep.
C. the economy is operating below capacity.
D. the economy is operating at capacity.
Answer: D
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Which would not cause the supply curve to shift?
A) a change in technology B) a change in factor costs C) a change in the price of the good D) a change in the prices of related goods
Which of the following countries had the highest average growth rate for per capita GDP from 2000 to 2009?
A. China. B. Burundi. C. Haiti. D. Canada.
Explain what effect a reduction in productivity has on wage setting behavior, price setting behavior, the equilibrium real wage, the natural rate of unemployment, and the natural level of output
What will be an ideal response?
An important explanation of the high income inequality in Brazil is unequal access to
a. food b. education c. infrastructure d. jobs e. none of the above