When unemployment is below the natural rate,
A. frictional unemployment increases.
B. inflation slows.
C. structural unemployment decreases.
D. the inflation rate increases.
Answer: D
Economics
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In a sense, the long-run average cost curve is holding
A) short-run average variable cost curves. B) short-run marginal cost curves. C) short-run average total cost curves. D) short-run total cost curves.
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