The market-clearing and non-market-clearing theories of unemployment both agree that
A) actual unemployment rates will equal the NAIRU in the long run.
B) wages and prices are perfectly flexible.
C) there is always involuntary unemployment.
D) actual output adjusts only gradually to potential output.
E) wages are rigid and adjust only over the long run.
Correct Answer:
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Q36: The table below provides hypothetical unemployment,employment,and labour
Q37: Suppose we know the following information about
Q38: Market-clearing theories of the labour market assume
Q39: Suppose we know the following information about
Q40: The table below provides hypothetical unemployment,employment,and labour
Q42: Which statement by an employer is consistent
Q43: The labour market in the diagram below
Q44: Which of the following is a central
Q45: Non-market-clearing theories of unemployment emphasize wage stickiness.Wage
Q46: Wage contracts are often set for periods
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