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Author Question: Economists who argue that the AScurve is vertical in the long run at potential output also argue ... (Read 161 times)

wrbasek0

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Question 1

If the measured unemployment rate is 6% and the natural unemployment rate is 4%, then


◦ frictional unemployment is -2%.
◦ cyclical unemployment is 2%.
◦ frictional unemployment is 2%.
◦ structural unemployment is 10%.

Question 2

Economists who argue that the 
AS curve is vertical in the long run at potential output also argue that in the long run, the ________ is vertical at the natural rate of unemployment.


◦ Phillips curve
◦ aggregate demand curve
◦ aggregate expenditures curve
◦ production possibility curve


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Marked as best answer by wrbasek0 on Apr 19, 2019

cam1229

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cam1229

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