In the Long Run What Primarily Determines the Natural Rate

question 90

Essay

In the long run what primarily determines the natural rate of unemployment? In the long run what primarily determines the inflation rate? How does this relate to the classical dichotomy?

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Definitions:

Children's

Pertaining to children; often used to signify possession, association, or relation to children, as in "children's books" or "children's health."

Thursdays

The fifth day of the week, following Wednesday and preceding Friday.

Farmers'

Refers to anything pertaining to farmers or agriculture, often indicating possession, such as farmers' markets or farmers' cooperatives.

Feelings

Emotional states or reactions that are subjectively experienced by individuals, varying in intensity and type.