Moving along a short-run Phillips curve, a reduction in the unemployment rate is achieved by
A) reducing the size of the labor force.
B) shifting the aggregate supply curve leftward.
C) increasing potential GDP.
D) running a federal budget deficit.
E) increasing the inflation rate.
E
Economics
You might also like to view...
The unemployment rate is calculated as:
A) (number of unemployed) ÷ (number of employed + number of unemployed). B) (number of unemployed) ÷ (number of employed). C) (number of employed + number of unemployed) ÷ (labor force). D) (labor force) ÷ (number of unemployed).
Economics
Credit cards are
A. Included in both the M1 and M2 definitions of the money supply B. Included in the M1 definition of the money supply, but not in the M2 definition C. Included in neither the M1 definition of the money supply nor in the M2 definition
Economics