When the Actual Unemployment Rate Is Equal to the Natural

question 71

Multiple Choice

When the actual unemployment rate is equal to the natural unemployment rate, then the

• A)inflation rate must be zero.
• B)long-run aggregate supply curve is upward sloping.
• C)short-run aggregate supply curve is vertical.
• D)economy is operating at potential GDP.
• E)the money wage rate will rise.

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Definitions:

Consideration

A value promised in a contract that each party agrees to exchange, which is necessary for a valid agreement.

Liquidated Debts

Debts for which the amount owed is known and agreed upon by all parties involved.

Unliquidated Debts

Unliquidated debts refer to obligations or claims for which the exact monetary value has not been determined, often pending further assessment or legal resolution.

Technical Consideration

Specific technical factors or details that are taken into account in the assessment or development of a project, product, or system.