Multiple Choice
According to the theory of hysteresis,a prolonged recession will:
A) decrease the natural rate of unemployment.
B) increase cyclical unemployment.
C) decrease the sacrifice ratio.
D) increase the natural rate of unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Assume that there is a positive supply
Q3: The natural rate of unemployment<br>A)exists only when
Q5: Monetarists assume that suppliers of labor<br>A)always have
Q6: The tradeoff for monetary policy represented by
Q7: According to the Keynesian view,the focus of
Q8: One would expect a shift down in
Q9: For each Phillips curve,there<br>A)is no relationship between
Q10: What is meant by the natural rate
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Q25: The natural rate of unemployment<br>A)is not the