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Author Question: The natural rate of unemployment is not zero. It is at least 5 percent, allowing for individuals who ... (Read 18 times)

sc00by25

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on: Jun 30, 2018
The natural rate of unemployment is not zero. It is at least 5 percent, allowing for individuals who are frictionally and structurally unemployed.
 
  Indicate whether the statement is true or false

Question 2

In the Keynesian model with both a variable price level and money wage, the aggregate supply function will be
 
  a. upward sloping but flatter than for the variable-price/fixed-wage version of the model.
  b. upward sloping but steeper than for the variable-wage/fixed-price version of the model.
  c. vertical.
  d. horizontal.


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Jsherida

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

True

Answer to Question 2

B


sc00by25

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Reply #2 on: Jun 30, 2018
Thank you :)


Jsherida

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Reply #3 on: Jun 30, 2018
Happy to help you


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