In the Long Run,but Not in the Short Run

question 92

Multiple Choice

In the long run,but not in the short run,

• A)cyclical unemployment can exist
• B)structural unemployment can exist
• C)frictional unemployment can exist
• D)the actual rate of unemployment equals the natural rate of unemployment
• E)actual output can exceed potential output

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Definitions:

Social Harmony

A state of peaceful coexistence and mutual respect among individuals within a society or group, often characterized by a lack of conflict and cooperation towards common goals.

Self-esteem

One's overall subjective emotional evaluation of their own worth.

Self-serving Bias

A cognitive bias that causes individuals to attribute their successes to internal factors while attributing failures to external factors.

Spotlight Effect

The tendency to overestimate the extent to which others notice and evaluate our appearance, performance, and mistakes.