An Increase in Frictional Unemployment Will

question 56

Multiple Choice

An increase in frictional unemployment will

• A)shift the long-run Phillips curve to the right.
• B)increase the natural rate of unemployment.
• C)shift the short-run Phillips curve to the right.
• D)All of the above are correct.
• E)None of the above is correct.

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Energy Independence

The condition of a nation being able to meet all its energy needs without having to import fuels or energy from other countries.

U.S. Policy

The strategic decisions and actions taken by the United States government to address domestic and international issues.

Crime Rates

Statistics that measure the occurrence of crimes within a given area over a specified period, often used to assess safety and enforcement effectiveness.