3) The natural level of employment (N) will increase when which of the following occurs? A) an increase in the markup of prices over costs B) a reduction in unemployment benefits C) an increase in the actual unemployment rate D) all of the above E) none of the above 4) Consider the wage-setting and price-setting equations. Suppose the markup, p, equals 0.25, and F(u.z) - 1-u. What is the natural rate of unemployment in this cconomy? A) 0.2 B) 0 9 0.25 D) 1 E) 0.5

3) The natural level of employment (N) will increase when which of the following occurs? A) an increase in the markup of prices over costs B) a reduction in unemployment benefits C) an increase in the actual unemployment rate D) all of the above E) none of the above 4) Consider the wage-setting and price-setting equations. Suppose the markup, p, equals 0.25, and F(u.z) - 1-u. What is the natural rate of unemployment in this cconomy? A) 0.2 B) 0 9 0.25 D) 1 E) 0.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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