Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The main argument in favor of the existence of a natural rate of unemployment, in the long run, focuses on what argument? a Firms need

The main argument in favor of the existence of a natural rate of unemployment, in the long run, focuses on what argument?

a

Firms need to be at full employment in the long run.

b

Workers will adjust their inflationary expectations in the long run so that unemployment is unrelated to inflation.

c

The government cannot affect inflation in the long run.

d

Workers refuse to be unemployed in the long run.

e

Wages will always adjust to make the long-run unemployment rate zero percent.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Experimental Econophysics Properties And Mechanisms Of Laboratory Markets

Authors: Ji Ping Huang

1st Edition

3662442345, 9783662442340

More Books

Students also viewed these Economics questions

Question

4. Explain how to use fair disciplinary practices.

Answered: 1 week ago

Question

3. Give examples of four fair disciplinary practices.

Answered: 1 week ago