The natural rate of unemployment helps determine
A. the unemployment rate when the economy is not on its long-run supply curve.
B. the position of the long-run aggregate supply curve.
C. the slope of the long-run aggregate supply curve.
D. the level of economic growth in the economy.
Answer: B
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Which of the following statements is the MOST accurate? In general, under the monetary approach to the exchange rate
A) the interest rate is not independent of the money supply growth rate in the short run. B) the interest rate is independent of the money supply growth rate in the long run. C) the interest rate is not independent of the money supply growth rate in the long run, but independent in the short run. D) the interest rate is not independent of the money supply growth rate in the long run. E) the interest rate is a factor of the money supply growth rate only in the short term.
According to the graph shown, if the price were $5 a:
A. shortage would exist, signaling sellers to leave the market.
B. shortage would exist, signaling buyers to bid up the price.
C. surplus would exist, signaling sellers to drop their price.
D. surplus would exist, signaling buyers to bid up the price.
An open economy is one in which exports and imports constitute a large share of GDP
a. True b. False Indicate whether the statement is true or false
Autoworkers negotiate a wage increase. How does this change affect the supply curve of? cars?
A) It shifts the supply curve leftward. B) It shifts the supply curve rightward. C) It does not shift the supply curve or create a movement along it. D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all. E) It creates a movement downward along the supply curve.