As output increases along the short-run aggregate supply curve, briefly explain what happens to the natural rate of unemployment.A. The natural rate decreases because those who are unemployed will be able to find jobs faster.B. The natural rate decreases because there will be fewer workers laid off.O C. The natural rate remains the same because it is not affected by the business cycle.D. The natural rate increases because skill mismatches will occur more rapidly.

Aggregate supply refers to the total quantity of a goods or services that an economy produces in a…

As output increases along the short-run aggregate supply curve, briefly explain what happens to the natural rate of unemployment A. The natural rate decreases because those who are unemployed will be able to find jobs faster. OB. The natural rate decreases because there will be fewer workers laid off. OC. The natural rate remains the same because it is not affected by the business cycle. OD. The natural rate increases because skill mismatches will occur more rapidly.

As output increases along the short-run aggregate supply curve, briefly explain what happens to the natural rate of unemployment A. The natural rate decreases because those who are unemployed will be able to find jobs faster. OB. The natural rate decreases because there will be fewer workers laid off. OC. The natural rate remains the same because it is not affected by the business cycle. OD. The natural rate increases because skill mismatches will occur more rapidly.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 2PA

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