Which of the following explain the natural rate of unemployment?
i. job search
ii. the Okun Gap
iii. the production function
A) iii only B) ii and iii C) i and ii D) i and iii E) i only
E
Economics
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I) The growth rate of Eduland's money supply in a particular year was 8.5%
What was the growth rate of real GDP if the inflation rate in the same year was 4%? ii) What is likely to happen if the growth rate of money supply doubles in the following year, while the growth rate of real output remains unchanged?
Economics
Everything else held constant, when output is ________ the natural rate level, wages will begin to ________, increasing short-run aggregate supply
A) above; fall B) above; rise C) below; fall D) below; rise
Economics