The natural rate of unemployment
a. is a temporary low rate that cannot be maintained.
b. is fixed; it cannot be altered by public policy.
c. is equal to the number of persons unemployed divided by the number in the labor force.
d. is the unemployment rate accompanying the economy's maximum sustainable rate of output.
D
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High wage countries like the United States tend to use less labor-intensive production methods than low wage countries like Mexico
a. True b. False Indicate whether the statement is true or false
Barbara owns a small shop where dresses are made. At the end of a given month, she has 250 dresses. Her expenses for the month are $1,000 for rent, $6,000 for wages, $1,500 for fabric and thread, and $500 for electricity. Her total variable cost for the month is
a. $6000 b. $4,000 c. $32 per dress d. $7,500 e. $8,000
The supply curve of loanable funds is upsloping because:
A. businesses find more investments to be profitable at low interest rates than at high interest rates. B. government budget deficits vary inversely with the equilibrium interest rate. C. households are willing to save more at high interest rates than they are at low interest rates. D. banks lend more at low interest rates than they do at high interest rates.
If the prices of imported resources increase, then aggregate supply will decrease.
Answer the following statement true (T) or false (F)