A. voluntary unemployment
B. classical unemployment
C. voluntary unemployment
D. Frictional unemployment
A. Smaller
B. Larger
C. the same size
D. None of these
A. price level, aggregate economy
B. tax rate, government budget
C. wage rate, labor market
D. interest rate, market for loanable funds
A. shoe leather costs
B. menu costs
C. income redistribution
D. uncertainly
E. all of the above
A. horizontal, natural rate of inflation
B. horizontal natural rate of unemployment
C. vertical natural rate of inflation
D. vertical equilibrium rate of unemployment
A. numbers of employees
B. welfare plans
C. budget deficits
D. expenditures
A. fall
B. increase
C. remain the same
D. fluctuates
A. long run, short run
B. flexible imperfect markets
C. short-term long run
D. long run, imperfect markets
A. demand, supply
B. IS, LM
C. AD, AS
D. Labor demand, labor supply
A. inflation
B. a supply shock
C. crowding out
D. inflation illusion