Suppose the NAIRU for Canada Is 6

question 112

Multiple Choice

Suppose the NAIRU for Canada is 6.5%,the actual unemployment rate is 5% and productivity is constant.We can conclude that

• A)there is a recessionary gap.
• B)the NAIRU will re-adjust to 5%.
• C)the AD curve will automatically shift up.
• D)the excess demand for labour will put upward pressure on wages.
• E)the excess supply of labour will put downward pressure on wages.

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Definitions:

Closed-Door Policy

Closed-door policy is a company policy where communication and accessibility between employees and management are limited, discouraging openness and transparency.

Communication Channels

Mediums through which information is transmitted from a sender to a receiver.

In-House Intranet

A private network utilized by a company or organization to securely share company information and computing resources among employees.

Face-To-Face Meetings

Meetings where participants interact directly in the same location, allowing for immediate communication and non-verbal cues.