Multiple Choice
The decline in the natural rate of unemployment between the 1979 and the 2000s might be the result of:
A) the changing age structure of the population and more efficient labor markets.
B) advances in computer technology and globalization.
C) increasing wage inequality and skill-biased technological change.
D) greater quantities of human capital and increased average labor productivity.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Recessions tend to be _ by _
Q23: Cyclical unemployment is equal to zero when:<br>A)there
Q24: An expansion is:<br>A)a period in which the
Q25: A country's actual output _ its potential
Q26: A recession occurs when _, when _,
Q28: In the long run, total spending only
Q29: An expansion occurs when _, when _,
Q30: If firms maintain preset prices in the
Q31: Indicators of economic activity that move at
Q32: A particularly severe or protracted recession is