At full employment,
A) the unemployment rate is zero.
B) the inflation rate is zero.
C) the unemployment rate is equal to the natural unemployment rate.
D) real GDP exceeds potential GDP.
E) the inflation rate must equal the natural unemployment rate.
Correct Answer:
Verified
Q24: In the long run, the unemployment rate
A)
Q30: The long-run Phillips curve is _ curve
Q33: In the short run, a decrease in
Q39: The lack of a long-run tradeoff between
Q40: The long-run Phillips curve shows the relationship
Q41: Changes in which of the following shift
Q44: The long-run Phillips curve is a
A)straight line
Q45: The relationship between the AS-AD model and
Q47: The long-run Phillips curve shows the relationship
Q50: If the economy moves upward along its
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