The equilibrium rate of unemployment at any real wage, is the difference between ______ and ______?

Related Mcqs:

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?

A. New classical economists B. Keynesian. C. Marxists D. Monetarists...

The Phillips curve is a graph showing the relationship between ?

A. the price level and the unemployment rate B. the inflation rate and the unemployment rate C. the level of aggregate output and the price level D. the inflation rate and the level of aggregate demand...

The long-run Phillips curve is ____ at the ____?

A. horizontal, natural rate of inflation B. horizontal natural rate of unemployment C. vertical natural rate of inflation D. vertical equilibrium rate of unemployment...

When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

A. Shifts in aggregate supply B. changes in export demand due to the state of the world economy C. business confidence D. business expectations...

The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?

A. increase reduce B. increase, increase C. reduce, increase D. reduce, reduce...