In short-run, unemployment may fall below the natural rate of unemployment if:

Related MCQs

• According to Phillips curve unemployment will return to the natural rate when:
• During upswing, the unemployment rate and output
• Fall in the interest rate is a typical feature of
• If any unemployment exists during expansion phase of business cycle, it is
• Governments may end up with a high money growth rate and high inflation as a result of policies designed to
• When both prices and money income fall, the situation is called
• Government may pursue inflationary monetary policies
• The effects of inflation on the price competitiveness of a country’s products may be offset by
• Bank rate is
• Bank rate policy is not very effective because-