In Macroeconomic Models,the Idea That NAIRU Can Be Influenced by the Actual

question 9

Multiple Choice

In macroeconomic models,the idea that NAIRU can be influenced by the actual rate of unemployment is referred to as

• A)efficiency-wage unemployment.
• B)hysteresis.
• C)the market-clearing theory.
• D)rational expectations.
• E)the Phillips curve.

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Definitions:

Cognitive Learning

The acquisition of knowledge and understanding through thought, experience, and the senses.

Social Learning

Social learning is a theory that suggests people can learn new behaviors and information by observing others.

Conditioned Stimulus

A formerly neutral signal that, once paired with an unconditioned stimulus, begins to elicit a conditioned reaction.

Unconditioned Stimulus

In classical conditioning, it is a stimulus that naturally and automatically triggers a response without any prior learning.