Intel wants to attract the most productive and knowledgeable workers. To achieve this goal it could pay ________ wage
A) a Lucas wedge
B) a minimum
C) an efficiency
D) an equilibrium
E) a nominal
C
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The natural rate of unemployment:
A. can vary over time and defines the location of the long-run aggregate supply curve. B. is constant over time and defines the location of the long-run aggregate supply curve. C. varies over time in response to changes in aggregate demand. D. is inversely related to the price level.
Identify the correct statement.
A. The developing countries are expected to catch up with the average per capita income in the industrialized countries in the near future. B. In many of the industrialized countries, the income per person declined between 1990 and 2016. C. Most of the developing countries have been growing at the same rate since 1990. D. The average product per person has grown faster in the developing countries than in the industrialized countries since 1990.