Suppose policy makers underestimate the natural rate of unemployment. In situations like these, policy makers will likely implement policies that result in

A) more unemployment than necessary.
B) an unemployment rate that is "too high."
C) a higher inflation rate than necessary.
D) a steadily decreasing inflation rate.
E) overly contractionary monetary and fiscal policy.


C

Economics

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Suppose a start-up company can operate from a traditional office space or from a virtual office in which there is no physical office location and the employees collaborate over internet connections from their individual homes

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If the marginal utility of a product exceeds its MC, we would want, on efficiency grounds, to

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Between 1910 and today, the number of farmers in the United States _____________ dramatically as a result of ___________________ in farming in the twentieth century

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Economics