Most economists believe that a zero rate of unemployment
A) is obtainable with the correct monetary policy.
B) would result in a better functioning economy.
C) is inconsistent with a well-functioning economy.
D) is obtainable only if the inflation rate is also zero.
C
You might also like to view...
A competitive market economy with low barriers to entry affords an entrepreneur with
a. an environment that shields each currently successful producer from changing market conditions. b. the opportunity to bring new and different products and services to the market. c. little opportunity for wealth creation. d. a static business environment.
Which of the following examples reflects monopolistic competition?
a. After modernizing equipment, Mitchell, Inc operates at the lowest average cost of production. b. After making long-run adjustments, Slattery, Inc operates at 90 percent of capacity. c. Long-run adjustments allows Gable, Inc to operate at 100 percent capacity. d. Production refinements allow Jones, Inc. to operate at a level where average total cost is minimized.