A. that can be produced if structural unemployment is zero
B. that can be produced at a zero-unemployment rate
C. that can be sustained in the long run without inflation
D. that can be sustained in the long run, if the inflation rate is zero

A. the long-run aggregate demand curve is horizontal at the natural rate of inflation
B. the long run aggregate demand curve is vertical at potential GDP
C. the long run aggregate demand curve is vertical at potential GDP
D. The long run supply curve is horizontal at the natural rate of inflation

A. have chosen not to work at the market wage
B. have given up looking for a job but would accept a job at the current wage if one were offered to them.
C. are too productive to be hired at the current wage
D. are unable to find a job at the current wage rate

A. a vertical (or almost vertical)
B. a downward slog
C. a horizontal (or almost horizontal)
D. an upward slog

A. minimum wage agreements
B. trade
C. scale economies
D. insider-outsider distinctions
E. efficiency wages
F. all of the above

A. 30%
B. 10%
C. 70%
D. 40%

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