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:

Endosteum

A thin vascular membrane of connective tissue that lines the inner surface of the bony tissue that forms the medullary cavity of long bones.

Membrane

A thin layer of tissue or material that acts as a selective barrier, controlling the passage of substances in and out of cells or organelles.

Fontanels

Soft spots on a baby's skull where the bones have not yet fused, allowing for growth of the brain and skull during infancy.

Ossified

The process by which tissue is transformed into bone or a bony substance.