Among Other Things, Which of the Following Determines the Long-Run

question 158

Multiple Choice

Among other things, which of the following determines the long-run average unemployment rate and inflation, respectively?

• A)the market power of unions; government spending
• B)the minimum wage; the money supply growth rate
• C)the rate of growth of the money supply; the market power of unions
• D)efficiency wages; the extent to which firms are competitive