One Determinant of the Long-Run Average Unemployment Rate Is the

Multiple Choice

One determinant of the long-run average unemployment rate is the

A) market power of unions, while the inflation rate depends primarily upon government spending.
B) minimum wage, while the inflation rate depends primarily upon the money supply growth rate.
C) rate of growth of the money supply, while the inflation rate depends primarily upon the market power of unions.
D) existence of efficiency wages, while the inflation rate depends primarily upon the extent to which firms are competitive.