What is another name for the natural unemployment rate?
a. Non-deteriorating low-inflationary unemployment (NDLIU)
b. Natural rate of no-inflation unemployment (NRNIU)
c. Non-accelerating-inflation rate of unemployment (NAIRU)
d. Non-inflationary rate of low unemployment (NIRLU)
e. Natural unaffected rate of inflationary unemployment (NURIU)
c
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In the standard model of a monopoly union bargaining with the firm, it is typically assumed that
A. union leadership disregards the preferences of the rank and file. B. the union's sole objective is to increase the wage. C. unions and management secretly negotiate on the behalf of stockholders. D. unions never lead to an efficiency loss. E. unions are willing to trade off some amount of employment for higher earnings.
Some economists believe that because the government ______________ discouraged workers as unemployed, the unemployment rate is biased ________________
a. counts; upward b. counts; downward c. does not count; upward d. does not count; downward