Percentage Change in P Is Approximately Equal to the Percentage

question 75

Multiple Choice

Percentage change in P is approximately equal to the percentage change in:

• A)M.
• B)M minus the percentage change in Y.
• C)M minus the percentage change in Y plus the percentage change in velocity.
• D)M minus the percentage change in Y minus the percentage change in velocity.

Define and differentiate between frictional, structural, and cyclical unemployment.

Assess the role of sectoral shifts in creating temporary unemployment.

Discuss the advantages and disadvantages of unemployment insurance.

Explain the natural rate of unemployment.

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