If the Unemployment Rate Is Less Than the NAIRU

question 13

Multiple Choice

If the unemployment rate is less than the NAIRU,

• A)there will be downward pressure on wages.
• B)demand forces will exert upward pressure on wages.
• C)there is a recessionary output gap.
• D)the AS curve will shift downward.
• E)there is no pressure on the AS curve to shift.

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Definitions:

Multiproduct Branding

A marketing strategy in which a single brand name is used for the sale of two or more related products.

Advantages

The favorable factors or benefits that contribute to achieving success in a particular endeavor or competition.

Disadvantages

The negative or less favorable aspects of something.

Packaging Benefit

The advantage gained from how a product is packaged, including protection, marketing appeal, convenience, and information conveyance.