"Full employment output" means that the unemployment rate is equal to: Question 7 options: the long-run...
"Full employment output" means that the unemployment rate is equal to:
Question 7 options:
|
the long-run unemployment rate |
|
|
the short-run unemployment rate |
|
|
zero |
|
|
the short run + long-run unemployment rate |
Homework Answers
Answer : The answer is option A.
Long run output level is also known as the full employment output level. At full employment output level the long-run unemployment rate occur. Therefore, option A is correct.
Add Answer to:
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The unemployment rate that is consistent with "full employment" and the "natural rate of unemployment" is OA. zero OB. cyclical unemployment. ° C, the sum of the frictional rate and structural rate. OD, 4 percent.
2. Match the following terms with their definitions Answers Misperceptions Theory Exchange-rate effect Interest-rate effect Sticky-Wage Theory Full-employment output Options The production of goods and services that an economy achieves in the long run when unemployment is at its normal rate a. b. The short-run aggregate supply curve slopes upward because nominal wages are slow to adjust to changing economic conditions. When a fall in the U.S. price level causes U.S. interest rates to fall, the real value of the...
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