Examlex
Which of the following supported Wilson's call for neutrality?
Natural-rate Hypothesis
The theory suggesting that there is a specific level of unemployment that exists in an economy that is not eliminated by monetary policy in the long run.
Favorable Supply Shock
An unexpected event that suddenly increases the supply of a product or service, resulting in decreased prices and increased quantity.
Short-run Phillips Curve
The short-run Phillips Curve represents the inverse relationship between inflation and unemployment in an economy over a short-term period.
Unemployment
The situation when individuals who are capable of working are not able to find a job despite actively seeking work.
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