When unemployment is above the natural rate,
A) Inflation rises.
B) Nominal wages decrease.
C) Wage-price spirals occur.
D) The inflation rate falls.
Correct Answer:
Verified
Q20: The natural rate of unemployment is
A) 5%.
B)
Q21: The rate at which potential GDP rises
Q22: Which of the following is the formula
Q23: The difference between actual and potential GDP
Q24: Problems in _ are another possible cause
Q26: _ policies of the government can also
Q27: Negative demand shifts can
A) be defined as
Q28: The pattern of recession,recovery,and expansion is known
Q29: Negative supply shifts may lead to
A) excess
Q30: An example of a generally recession-resistant business
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