In the Long Run, the Unemployment Rate

question 27

Multiple Choice

In the long run, the unemployment rate

• A) is zero.
• B) is equal to the expected unemployment rate.
• C) must be equal to the expected inflation rate.
• D) is equal to the natural unemployment rate.
• E) can take on any value.

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Definitions:

Coat

An outer garment worn on the upper body for warmth or fashion, typically having sleeves and opening down the front.

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The sister of one's parent or the spouse of a parent's sibling.

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A mechanical device specifically designed to efficiently store rotational energy.

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The act of focusing one's attention or thoughts obsessively on a particular object or subject.