One Determinant of the Long-Run Average Unemployment Rate Is the

question 125

Multiple Choice

One determinant of the long-run average unemployment rate is the

• A)market power of unions, while the inflation rate depends primarily upon government spending.
• B)minimum wage, while the inflation rate depends primarily upon the money supply growth rate.
• C)rate of growth of the money supply, while the inflation rate depends primarily upon the market power of unions.
• D)existence of efficiency wages, while the inflation rate depends primarily upon the extent to which firms are competitive.

---

Definitions:

Thematic Apperception Test

A projective psychological test that evaluates a person's patterns of thought, attitudes, observational capacity, and emotional responses to ambiguous test materials.

Projective Technique

A method of assessing individuals' underlying thoughts, feelings, or attitudes by interpreting their responses to ambiguous stimuli.

Need for Power

An individual's desire to control or influence others, seen as a personality trait or motivator that drives behavior.

Need for Affiliation

An individual's desire to form or maintain interpersonal relationships or to be part of a group.