If the unemployment rate is greater than the NAIRU,
A) there is an inflationary gap.
B) real national income is above potential GDP.
C) there is a negative output gap.
D) there will be upward pressure on wages.
E) the AS curve will shift upward.
Correct Answer:
Verified
Q44: If there is repeated monetary validation to
Q45: An inflation that begins as a result
Q46: Consider the statement "Inflation is everywhere and
Q47: Consider an economy that is in the
Q48: Inflationary pressures that result from a rightward
Q50: Suppose the Canadian economy is booming due
Q51: Assuming that the economy is currently in
Q52: A leftward shift of the AD curve
Q53: The sacrifice ratio reflects the cost of
Q54: A constant inflation rate can be illustrated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents