An increase in AD will primarily increase output when the economy is on the flat part of the AS curve.
Answer the following statement true (T) or false (F)
True
Economics
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According to Gordon, there is no pressing need for policies to reduce ________ unemployment
A) cyclical B) structural C) turnover D) mismatch
Economics
Based on our understanding of the wage setting equation, which of the following will not cause a reduction in the nominal wage?
A) an increase in unemployment B) a reduction in the expected price level C) a reduction in expected productivity D) all of the above E) none of the above
Economics