Author Question: Economists who argue that the AScurve is vertical in the long run at potential GDP also argue that ... (Read 79 times)

chads108 · **on:** Apr 19, 2019

Question 1

If the measured unemployment rate is 8% and the natural unemployment rate is 3%, then

◦ frictional unemployment is 5%.
◦ cyclical unemployment is 5%.
◦ frictional unemployment is 11%.
◦ structural unemployment is 11%.

Question 2

Economists who argue that the
AS curve is vertical in the long run at potential GDP also argue that the Phillips curve in the long run is

◦ vertical at the natural rate of unemployment.
◦ upward sloping.
◦ downward sloping.
◦ horizontal at the natural rate of inflation.

sylvia · **Reply #1 on:** Apr 19, 2019

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