What is the NAIRU?
A) the nongovernmental agency of inflationary rate unions
B) the new accrual index of real unemployment
C) the nonaccelerating inflation rate of unemployment
D) the natural accelerating inflation rate of unemployment
C
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The World Trade Organization (WTO) promotes foreign trade and investment, or globalization. In recent years opposition to globalization has led to violent protests at meetings of the WTO. One reason for these anti-globalization protests is
A) protesters believe that free trade destroys the distinctive cultures of many countries. B) protesters believe that globalization will result in a return to communism in developing countries. C) protesters object to the loss of intellectual property (such as software programs and movies) that results from foreign trade and investment. D) foreign trade and investment are examples of zero-sum games.
Movements of ________ interest rates indicate that, contrary to the early Keynesians' beliefs, monetary policy was ________ during the Great Depression
A) nominal; tight B) nominal; easy C) real; tight D) real; easy
From the mid-1980s until late 2007, the less world's less volatile economies were probably due, at least in part, to good luck
a. True b. False Indicate whether the statement is true or false
If the unemployment rate rises above the natural rate of unemployment in the short run, the inflation rate will rise.
Answer the following statement true (T) or false (F)