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Author Question: In periods when GDP grows very rapidly for a long period, the actual unemployment rate will be ... (Read 144 times)

09madisonrousseau09

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on: Jun 30, 2018
In periods when GDP grows very rapidly for a long period, the actual unemployment rate will be ________ than the natural rate of unemployment.
 
  A) higher B) the same C) more variable D) lower

Question 2

Assuming all else equal, if firms expect the demand for their products to increase in the near future, ________.
 
  A) their labor supply curve will shift to the right. B) their labor demand curve will shift to the left.
  C) their labor supply curve will shift to the left. D) their labor demand curve will shift to the right.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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yasmin

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


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