A Policy Change That Reduces the Natural Rate of Unemployment

question 150

True/False

A policy change that reduces the natural rate of unemployment shifts both the long-run aggregate-supply curve and the long-run Phillips curve left.

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Definitions:

Fetal Demise

The death of a fetus at any stage of pregnancy before birth.

Perinatal Loss

The death of a baby during the late stages of pregnancy, during birth, or shortly after birth, a deeply impactful event for families.

Drug Abuse

The deliberate use of drugs for non-medical purposes, leading to physical, mental, social, or legal problems.

Substance Misuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to negative health, social, or legal outcomes.