Economists agree that the natural rate of unemployment increased during the 1970s. Which of the following has been attributed as a likely reason for this phenomenon?
A) The high influx of foreign workers during that time
B) The dramatic changes in the economy due to the so-called "green revolution"
C) The influx of young baby boom workers into the labor force at that time
D) The Vietnam War
E) The increase in interest rates by the Fed
Correct Answer:
Verified
Q72: The unemployment rate in the absence of
Q73: The natural unemployment rate is caused by
Q74: The natural unemployment rate
A)can be precisely estimated
Q75: Structural unemployment occurs because
A)of inflation.
B)people have insufficient
Q76: The type of unemployment that occurs because
Q78: Which of the following is not in
Q79: Which of the following might cause the
Q80: The natural unemployment rate is another name
Q81: Students entering the labor force for the
Q82: If more jobs are destroyed than created,
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