A Policy Maker Who Aims at Maintaining Unemployment at 5

question 171

Multiple Choice

A policy maker who aims at maintaining unemployment at 5% while the NAIRU for this economy is 4% will most likely find the economy running into:

• A)deflation.
• B)inflation.
• C)a much higher output level.
• D)a much lower unemployment level.

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Definitions:

Practice

Repeated exercise or performance of an activity or skill so as to acquire or maintain proficiency in it.

Active Listening

A communication technique that involves paying full attention to the speaker, understanding their message, and responding thoughtfully.

Counseling

A professional service offering advice, guidance, and support to individuals dealing with personal, psychological, or emotional issues.

Cultural Superiority

The belief that one's own culture or ethnic group is superior to others, often leading to discrimination or prejudice.