According to monetarists, when will the economy move back to the natural rate of unemployment after a change in output?
a) In the short-run.
b) In the long-run.
c) Immediately after a decrease in the money supply.
d) Immediately after an increase in the money supply.
Ans: b) In the long-run.
Economics
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Scarcity
a. necessitates choice among consumer goods. b. of income renders purchase decisions interdependent. c. affects all consumer decisions. d. may involve forgoing the pleasure of one good in order to enjoy another. e. All of the above answers are correct.
Economics
Which of the following is not a measure of how close a nation is to full employment?
a. Capacity utilization index. b. Unemployment rate. c. Employment rate. d. Net export position of the nation. e. All the above.
Economics