Economists generally assume that there is a short-run trade-off between
a. output and employment.
b. inflation and employment.
c. deflation and unemployment.
d. inflation and unemployment.
e. output and growth.
d
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In a Malthusian world, what would improve the standard of living permanently?
A) a war B) a new medical drug C) birth control D) democracy
Which of the following activities describes the opportunity cost of attending an economics class?
What will be an ideal response?
Which of the following is not an example of a crime contemplated by the rational criminal model?
A. Assault B. Murder for hire C. Car theft D. Insurance fraud
Which of the following is associated with microeconomics?
a) The country's unemployment rate. b) A specific U.S. industry's sales figures. c) The economy's rate of growth. d) An economy's overall output level.