During a discussion with fellow economics students, Oliver emphasized the fact that prices and wages are sticky and they do not adjust quickly. Which of the following macroeconomic perspectives has most likely had the greatest influence on Oliver?

Microeconomics includes the study of

A) how countries decide to fund their budget deficits. B) the choices that individuals and businesses make. C) how a nation promotes economic growth. D) the effect on the national economy of the choices that individuals make. E) the overall amount of production within the economy.

The natural rate of unemployment includes

A. Frictional and structural unemployment only. B. Structural and seasonal unemployment only. C. Cyclical and frictional unemployment only. D. Seasonal and cyclical unemployment only.