If the Unemployment Rate Is Below Its Natural Rate,then ________

question 24

Multiple Choice

If the unemployment rate is below its natural rate,then ________.

• A)output is below its potential level
• B)there is excess tightness in the labor market
• C)the AS curve will shift to the right
• D)all of the above
• E)none of the above

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Definitions:

John Holland

An American psychologist best known for his career development theory, which matches job environments to personal personalities and preferences.

Job Hunt

Job hunt refers to the process of actively seeking employment opportunities through various methods such as online job boards, networking, or direct applications.

Portfolio

A collection of work or documents that represent an individual's skills and accomplishments, often used for assessment or professional development.

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.