1.) False

Explanation:-

The natural rate of state is that the name that was given to a key construct within the study of economic activity. The natural rate of state, once Associate in Nursing economy is in a very steady state of "full employment", is that the proportion of the work force UN agency square measure unemployed'. place otherwise, this idea clarifies that the economic term "full employment" doesn't mean "zero unemployment". It represents the theoretic percent in step with mixture production being at the "long-run" level. "There may be a natural rate of state to that the economy tends within the long-standing time."

2.) True

Explanation:-

In the end of the day, inflation depends primarily upon the money provide rate of growth. remuneration, whereas the rate depends primarily upon the money provide rate of growth.

3.) True

Explanation:-

The Phillips curve shows the inverse trade-off between rates of inflation and rates of state. If state is high, inflation are going to be low; if state is low, inflation are going to be high.

4.) True

Explanation:-

The short run model says that changes within the nominal charge per unit have an effect on the important charge per unit as a result of inflation doesn't regulate now. Recall the classical duality says that changes in nominal variables have solely nominal effects on the economy and therefore the real aspect is set alone by real forces.