The natural rate of unemployment
a. is constant over time.
b. varies over time, but can't be changed by the government.
c. is the unemployment rate that the economy tends to move to in the long run.
d. depends on the rate at which the Fed increases the money supply.
c
Economics
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Suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with 5 probability and pays $2 per day
Will there be any rural-urban migration? Explain your reasoning, stating explicitly any simplifying assumptions, and show all work.
Economics
Suppose demand can be described with the equation Q = 900?5P and supply with the equation Q = 100 + 5P. a. Determine the equilibrium price and quantity. b. Determine the surplus or shortage if the price were $100. ?
What will be an ideal response?
Economics