Question
Non-market-clearing economists predict that the NAIRU is higher in a country because it A. had an economy that responds inefficiently to shocks. B. has a
Non-market-clearing economists predict that the NAIRU is higher in a country because it
A. had an economy that responds inefficiently to shocks.
B. has a small population.
C. creates efficient market clearing contracts, which increase cyclical unemployment.
D. has centralized and powerful unions, which create involuntary unemployment.
E. does not understand efficiency wages.
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
