In the long run, the unemployment rate
A) is equal to the expected unemployment rate.
B) is zero.
C) can take on any value.
D) is equal to the natural unemployment rate.
E) must be equal to the expected inflation rate.
D
Economics
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b. being in the wrong geographical location. c. monetary cost and the time it takes to find the best job. d. seasonal decreases in demand for labor. e. prolonged declines in business activity.
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How is the optimal level of input usage to produce a certain output identified with the help of isocosts and isoquants?
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