If the natural unemployment rate decreases, then the short-run Phillips curve ________ and the long-run Phillips curve ________

During a recession, the unemployment rate

A) is, by definition, above 25 percent. B) is, by definition, above 10 percent. C) usually increases but not necessarily to 10 percent or 25 percent. D) remains constant. E) usually decreases.

All industrialized countries have become "service economies." Which factor helps explain this shift?

a. Trade unionism and failure of the manufacturing sector to grow. b. Information age and labor saving innovation in manufacturing. c. Non availability of industrial labor with required skills. d. Absence of competition in the service sector.