The rate of unemployment tends to reach the natural rate of unemployment

A. after real Gross Domestic Product (GDP) not longer increases.
B. when frictional unemployment and structural unemployment not long exist.
C. when the economy returns to the long-run aggregate supply curve.
D. only when there are no "rigidities" in the labor market.


Answer: C

Economics

You might also like to view...

Relative to a perfectly competitive market for an exhaustible resource, the monopolist charges a ________ price and uses the resource more ________

A) lower, slowly B) lower, quickly C) higher, slowly D) higher, quickly

Economics

Trade can increase the consumption possibilities of nations

a. True b. False Indicate whether the statement is true or false

Economics

In general, state and local taxes tend to be

A. Flat. B. Proportional. C. Progressive. D. Regressive.

Economics

According to the law of supply, when the price of computer microprocessors rises Question 1 options:

A. the quantity of microprocessors produced increases. B. the number of sellers of microprocessors increases. C. the supply of microprocessors increases. D. the quantity of microprocessors produced decreases. E. computers become cheaper to purchase.

Economics