The unemployment rate can remain below the natural rate, but only _____
a. in the long run
b. with continuous deflation
c. with a continuously increasing inflation rate
d. with a series of adverse supply shocks
e. if the money supply is constant
c
You might also like to view...
Sales and excise taxes are:
a. progressive. b. proportional. c. regressive. d. fixed-revenue.
If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are
a. substitutes b. complements c. normal goods d. inferior goods e. none of the above
What is the role of price controls in the market economy?
a) Price controls are used to make markets more efficient b) Price controls are a tool used by business firms to fix prices c) Price controls are nearly always effective in eliminating shortages d) Price controls are used by governments to reallocate resources more equitably
Sellers will opt out of markets in which
What will be an ideal response?