The natural rate hypothesis asserts that in the ________, the money wage rate is fixed and the ________ in the inflation rate brings a(n) ________ in the unemployment rate.
A) short run; increase; decrease
B) short run; decrease; increase
C) short run; increase; increase
D) short run; decrease; decrease
E) long run; increase; decrease
Correct Answer:
Verified
Q59: When the natural unemployment rate increases,
A) there
Q60: Q61: If the Reserve Bank lowers the inflation Q62: A country reports that its inflation rate Q63: If the Reserve Bank tries to lower Q64: If the inflation that results from targeting Q65: In the short run, an increase in Q66: If the Reserve Bank decides that it Q67: A major factor in determining the rational Q68: A rational expectation of the inflation rate
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