Which of the following is a factor that economists have identified that can shift the natural rate of unemployment?
A) institutional changes
B) changes in demographics
C) changes in labor productivity
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Economists have identified institutional changes, changes in demographics, and changes in labor productivity as factors that can shift the natural rate of unemployment. Institutional changes can include changes in labor laws, government policies, and regulations. Changes in demographics can refer to shifts in the age or education level of the labor force. Changes in labor productivity can result from technological advances or changes in management practices. All of these factors can impact the natural rate of unemployment, which is the level of unemployment that occurs when the economy is in equilibrium and there is no cyclical unemployment.

Which of the Following Is a Factor That Economists Have