Multiple Choice
Among other things, what determines the long-run average unemployment rate and inflation, respectively?
A) the market power of unions; government spending
B) efficiency wages; the money supply growth rate
C) the rate of growth of the money supply; the market power of unions
D) the minimum wage; the extent to which firms are competitive
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Discuss the factors determining the slope of
Q23: Figure 17-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 17-4
Q24: The analysis of Friedman and Phelps argues
Q25: Figure 17-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 17-1
Q26: Figure 17-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 17-3
Q28: What is the misery index supposed to
Q29: In the long run, what will happen
Q30: The vertical long-run Phillips curve is an
Q31: Figure 17-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 17-3
Q32: An estimate of the short-run Phillips curve