Any Policy Change That Reduced the Natural Rate of Unemployment

question 13

Multiple Choice

Any policy change that reduced the natural rate of unemployment

• A)would shift the long-run Phillips curve to the right.
• B)would shift the long-run aggregate-supply curve to the right.
• C)would be a policy change that impeded the functioning of the labor market.
• D)All of the above are correct.

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Definitions:

Prone

Having a tendency or inclination towards something, often in a way that makes someone or something vulnerable.

Prone to Extinction

Describes species that are at a high risk of disappearing from the wild or becoming extinct due to various factors such as habitat loss or climate change.

Characteristics

Attributes, traits, or features that define or identify something or someone.

Species

A congregation of living entities featuring similar individuals able to swap genetic information or engage in reproduction together.