-In the figure above, the natural unemployment rate is
A) 4 per cent.
B) 6 per cent.
C) 8 per cent.
D) 0 per cent.
E) 2 per cent.
Correct Answer:
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Q20: Suppose the natural unemployment rate is 5
Q21: At full employment, the expected inflation rate
Q22: Q23: If aggregate demand decreases, the Q24: In the long run, the unemployment rate Q26: On the long-run Phillips curve, the unemployment Q27: The short-run Phillips curve shows _ between Q28: If aggregate demand increases, thereby leading to Q29: In order to keep the real wage Q30: The long-run Phillips curve is _ curve
A) short-run Phillips
A)
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