If monetary policy moves unemployment below its natural rate, both expected and actual inflation will rise
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The demand for labor decreases when the:
A. real wage decreases. B. value of the marginal product of labor decreases. C. real wage increases. D. value of the marginal product of labor increases.
After the sugar substitute saccharin was found to cause cancer in laboratory mice, its price dropped dramatically. This change in the price was because
A) the supply of saccharin decreased. B) the demand for saccharin decreased. C) the government ordered the price reduction. D) saccharin producers felt sorry for their past customers and were making an honest attempt to compensate them.
Land inheritance in the Southern Colonies differed from inheritance in the Middle and New England Colonies in that
(a) the policy of primogeniture was followed in the South, which encouraged the formation of large land-holdings, whereas primogeniture was normally not followed outside the South. (b) primogeniture was actually followed throughout the colonies but the crops grown in the South, such as tobacco, required larger land-holdings to be profitable than those outside the South. (c) in the South, the large slave plantations had to be re-granted by the colonial government after the death of the owner, usually to the eldest son, but this was not required outside the South. (d) all of the above
Since it spent over $3.6 trillion in 2010, opportunity cost was not an issue for the U.S. government
a. True b. False Indicate whether the statement is true or false