In the Long Run, the Unemployment Rate

question 115

Multiple Choice

In the long run, the unemployment rate

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

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Definitions:

Infrequent

Not occurring often; rare or uncommon.

Technology

The application of scientific knowledge for practical purposes, especially in industry through machinery, software, and devices.

Contractual Relationship

A legally binding agreement between two or more parties that outlines the terms and conditions of their relationship or deal.

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Possession of skills and knowledge directly applicable and beneficial to a specific task, job, or field of study.