The natural rate of unemployment
a. is constant over time.
b. varies over time, but can't be changed by the government.
c. is the unemployment rate that the economy tends to move to in the long run.
d. depends on the rate at which the Fed increases the money supply.
c
You might also like to view...
A perfectly competitive firm has a total revenue curve that is
A) upward sloping with an increasing slope. B) downward sloping with a constant slope. C) upward sloping with a decreasing slope. D) upward sloping with a constant slope.
In a direct, majority-rule vote,
a. all voters get what they want b. a majority of voters get exactly what they want c. only the median voter is completely satisfied d. a minority of voters are dissatisfied e. only the median voter is dissatisfied
Money lowers the transaction cost when: a. the economy is experiencing rapid inflation. b. its value is stable
c. the rate of inflation is uncertain. d. there is widespread deflation
President Clinton, at the beginning of his administration, increased personal income taxes on individuals with relatively high incomes. How will this change the consumption schedule?
a. It will shift and become steeper. b. It will shift and become flatter. c. It will shift in a parallel manner. d. It will remain fixed as the economy moves along the schedule.