What can the Federal Reserve do to increase the natural rate of unemployment?
A) nothing
B) follow contractionary monetary policy that will increase inflation
C) follow contractionary monetary policy that will reduce inflation
D) follow expansionary monetary policy that will increase inflation
A
Economics
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If real GDP is $1,200 billion, the population is 60 million, and aggregate hours are 80 billion, labor productivity is
A) $6.67 an hour. B) $15.00 an hour. C) $150 an hour. D) $5.00 an hour. E) $20,000.
Economics
The table above shows the payoff matrix for a prisoners' dilemma. In the Nash equilibrium
A) both prisoners get 3 years in jail. B) both prisoners get 2 years in jail. C) both prisoners get 1 year in jail. D) both prisoners get 10 years in jail.
Economics