The Idea That,in the Long Run,the Rate of Unemployment Is

question 16

Multiple Choice

The idea that,in the long run,the rate of unemployment is NOT related to the rate of inflation is based on the concept of the

• A) multiplier.
• B) division of labor.
• C) law of one price.
• D) backward-bending supply curve of labor.
• E) natural rate of unemployment.

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Definitions:

Prenuptial Agreement

An agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other party’s property. To be enforceable, it must be in writing.

Statute Of Frauds

A legal principle requiring certain contracts to be in writing and signed by the parties involved to be enforceable.

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.

Statute Of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties to be legally enforceable.