The natural rate of unemployment (i) is the economy's desirable level of unemployment. (ii) cannot be affected by economic policy. (iii) is typically constant over time
a. (i) and (ii) only
b. (iii) only
c. (i), (ii), and (iii)
d. None of the above is correct.
Ans: d. None of the above is correct.
Economics
You might also like to view...
What is the relationship between total variable cost and marginal cost? Explain
What will be an ideal response?
Economics
The explicit cost of production is also called
A) accounting cost. B) overhead cost. C) direct cost. D) variable cost.
Economics
The cross elasticity of demand for substitute products must:
a. be greater than one. b. be less than one. c. be zero. d. exceed zero. e. be negative.
Economics
Trade allows a country to consume outside its production possibilities frontier
a. True b. False Indicate whether the statement is true or false
Economics