According to Monetarists, the natural rate of unemployment in each country will be determined by the structural characteristics of the
a. the productive efficiency of that country.
b. relationship between the actual price level and the expected price level.
c. the monetary policy of that country.
d. Both a and b
e. All of the above
A
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The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent result ________
A) a decline in the MPK B) a decline in the real rental price of capital C) a decline in stock prices D) all of the above E) none of the above
The hope of "Reaganomics"—that ending inflation will stimulate economic growth—is supported by the experience of 1945–49
Indicate whether the statement is true or false
Public choice economists use models that focus on economic incentives as applied to politicians.
Answer the following statement true (T) or false (F)
According to Keynes, the primary cause of large-scale unemployment is inadequate _____.
Fill in the blank(s) with the appropriate word(s).