Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If our actual unemployment rate is 10% and our natural unemployment rate is 4%, what would happen in the long run? A)Input prices will rise
If our actual unemployment rate is 10% and our natural unemployment rate is 4%, what would happen in the long run?
A)Input prices will rise and output will fall.
B)Input prices will fall and output will rise.
C)Both input prices and output will rise.
D)Both input prices and output will fall.
is it B? if not, what is it? (B is based on the answer sheet)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started