The natural rate of unemployment is the
A) Rate that would occur if the structural deficit were zero.
B) Rate that corresponds to 3 percent inflation on the Phillips curve.
C) Long-term rate determined by structural forces in labor and product markets.
Correct Answer:
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Q13: The structural deficit is
A)The deficit that would
Q14: Which of the following is most consistent
Q15: When the chairman of the Federal Reserve
Q16: Assume the economy is in a recession
Q17: Policy tools include
A)Population growth,spending behavior,and invention.
B)Wars,natural disasters,and
Q19: Which of the following is a monetary
Q20: Automatic stabilizers include
A)Open market operations.
B)Unemployment benefits.
C)Deregulation.
Q21: Which of the following groups believes that
Q22: Who believes the government should react to
Q23: A supply-side policy to cure a recession
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