Which of the following policies would NOT affect the natural unemployment rate?
A) a reduction in minimum wages
B) an increase in public-service employment
C) an increase in subsidized private employment
D) a reduction sales taxes
D
Economics
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According to Keynes' fixed money wage theory, when the price level is higher than expected the real wage is ____ than expected and unemployment is ______ than expected
a. lower; lower b. higher, higher c. lower; higher d. higher; lower
Economics
A payment over and above that necessary to call forth a resource is called
a. profit b. rent c. taxes d. salary e. welfare
Economics