Since 1970, the evidence for the U.S. suggests that the average rate of unemployment required to keep inflation constant has been
A) between 1% and 2%.
B) between 2% and 3%.
C) between 3% and 4%.
D) between 9% and 10%.
E) none of the above
E
Economics
You might also like to view...
Most economists would agree with which statement about fiscal policy?
A. It's useful when few resources are unemployed due to an aggregate demand shock. B. It's useful when a lot of resources are unemployed due to a real shock. C. It's useful when few resources are unemployed due to a real shock. D. It's useful when a lot of resources are unemployed due to an aggregate demand shock.
Economics
Externalities that occur in market transactions and affect parties beyond those involved in such transactions are known as _____
a. spillovers b. negative externalities c. deadweight losses d. shortages
Economics