The natural rate hypothesis states that the economy will self-correct back to the natural rate of unemployment, so that a move along a short run Phillips curve will not be permanent
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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When a bank borrows from the Federal Reserve the bank
A) receives a new deposit of legal reserves at the Federal Reserve. B) creates a new checkable deposit payable to the Federal Reserve. C) normally will do so because it has excess reserves. D) loses reserves equal to the amount of the loan.
Economics
Approximately what percentage of local government expenditures goes to finance education?
A. 36. B. 44. C. 53. D. 69.
Economics