In the Long Run,but Not in the Short Run

question 92

Multiple Choice

In the long run,but not in the short run,

• A)cyclical unemployment can exist
• B)structural unemployment can exist
• C)frictional unemployment can exist
• D)the actual rate of unemployment equals the natural rate of unemployment
• E)actual output can exceed potential output

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Definitions:

Scatterplots

A graph in which two variables are plotted along two axes, the pattern of the resulting points revealing any correlations.

Regression Equation

An equation that represents the relation between a dependent variable and one or more independent variables, used to predict the dependent variable.

Intercept

The point where a line crosses the y-axis in a graph, indicating the value of the dependent variable when the independent variable is zero.

Slope

A measure of the steepness of a line, often representing the rate of change in a linear relationship.