Examlex
The aggregate demand curve is Y = 15 - 0.2π when the inflation rate falls from 6 percent to 5 percent.Then,output increases from 13.8 to 17.The response of monetary policy to the inflation decline has been ________.
Frictional Unemployment
Unemployment that occurs when people are between jobs or are entering the labor market for the first time.
Discouraged Workers
Individuals who are not actively seeking work because they believe no jobs are available for them or there are no jobs for which they would qualify.
Unemployment Rate
The rate of unemployment among people actively looking for work in the labor force.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no positions for which they qualify.
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