According to the natural rate hypothesis: a. a short-term as ...

[mwit1967]

According to the natural rate hypothesis:
 a. a short-term as well as long-term trade-off exists between unemployment and inflation.
 b. economic fluctuations are the result of external negative and positive productivity shocks to the economy
 c. workers and consumers incorporate the likely consequences of government policy changes into their expectations by quickly adjusting wages and prices.
  d. the economy will self-correct to the natural rate of unemployment.

Question 2

Countries that have a large number of embassies, have memberships to international organizations, and participate in UN peace missions would be categorized under _____ globalization.
 a. cultural
  b. social
  c. political
  d. economic
  e. ethical

[phuda]

Answer to Question 1

d

Answer to Question 2

c

[mwit1967]

Thank you

[phuda]

Happy to help you