The natural rate of employment
a. will change with changes in the long run aggregate supply curve.
b. will be a level such that the expected real wage equals the actual real wage.
c. will be at a level where the actual and expected price levels are equal.
d. both a and c.
e. all of the above.
E
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
To determine short-run equilibrium in the economy, we use an aggregate supply curve that is:
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