The Lowest Level of Unemployment Compatible with Price Stability

question 12

Multiple Choice

The lowest level of unemployment compatible with price stability

• A)Is referred to as full employment.
• B)Is estimated at between 0 and 2 percent unemployment.
• C)Allows for some cyclical unemployment.
• D)Is equal to the natural rate of unemployment plus the inflation rate.

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Definitions:

Counterclaim

A claim made by a defendant in a civil lawsuit against the plaintiff. In effect, a counterclaiming defendant is suing the plaintiff.

Liable

Being legally responsible for something, especially in terms of being subject to legal action or obligation to provide compensation.

Default Judgement

A judgment entered by a court for the plaintiff when the defendant fails to respond to a legal action.

Memorandum of Law

A detailed written document prepared by an attorney to present legal arguments and precedents in support of a case.