tamar2440 tamar2440

27-05-2024
Business

Answered

Suppose that in 2003, Nickeltown's short-run equilibrium output was $17500 and its long-run equilibrium output was $18500. Is Nickeltown's unemployment rate most likely currently below, above, or at the long-run (i.e., natural) unemploymen rate?
a. Above natural unemployment rate
b. Below natural unemployment rate
c. At the natural unemployment rate

Answer :

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