If the price level rises by 3 percent and workers' money wage rate increase by 1 percent, then the

Frictional unemployment is inevitable because the economy is always changing

a. True b. False Indicate whether the statement is true or false

Which of the following statements is true?

A. A production process is either economically efficient or technically efficient but never both. B. A production process must always be both economically efficient and technically efficient. C. Any economically efficient production process is always technically efficient. D. Any technically efficient production process is always economically efficient.