The NAIRU:
A. is difficult to measure.
B. can change over time.
C. occurs at the economy's level of potential output.
D. All of these statements are true.
D. All of these statements are true.
Economics
You might also like to view...
Which factors determine the firm's elasticity of demand?
A) Elasticity of market demand and number of firms B) Number of firms and the nature of interaction among firms C) Elasticity of market demand, number of firms, and the nature of interaction among firms D) none of the above
Economics
Perfect competition and monopolistic competition are similar in that firms in both types of market structure will
A) act as price takers. B) produce a level of output where price equals marginal cost. C) earn zero profit in the long run. D) act as price setters.
Economics