Multiple Choice
Recall the Application about how to estimate the shifts in the natural rate of unemployment to answer the following question(s) .
-According to the Application, if the labor market becomes more efficient in matching jobs with individuals, there will be ________ job vacancies and the natural rate of unemployment will ________.
A) more; rise
B) more; decline
C) fewer; rise
D) fewer; decline
Correct Answer:
Verified
Correct Answer:
Verified
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