The long-run Phillips curve assumes that every unemployed worker who is looking for a job has a constant reservation wage
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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All of the following contribute to labor productivity growth EXCEPT
A) population growth. B) physical capital growth. C) human capital growth. D) technological advancements.
Economics
Diminishing marginal returns means that aggregate production function is
a. linear b. downward sloping c. upward sloping d. concave e. convex
Economics