The Natural Rate of Unemployment Is Defined as the Rate

question 277

Multiple Choice

The natural rate of unemployment is defined as the rate of unemployment that

• A)prevails in long-run macroeconomic equilibrium, when all workers and employers have fully adjusted to any changes in the economy.
• B)prevails in the short-run macroeconomic equilibrium, before workers and employers have had a chance to adjust to an economic shock.
• C)exists due to welfare and unemployment benefits that reduce potential workers' incentives to find work.
• D)exists only during periods of recession or depression in the economy.

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Definitions:

Psychedelic

Relating to or denoting drugs (especially LSD) that produce profound changes in perception, mood, and thought.

Hallucinogens

Substances that alter perception, thoughts, and feelings, leading to experiences that differ from objective reality.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, comprising the brain and spinal cord.

Inhalants

Inhalants are volatile substances whose chemical vapors can be inhaled to induce psychoactive or mind-altering effects.