In the table above, what inflation rate belongs in space B?
A) 17.0 percent
B) 6.8 percent
C) 8.3 percent
D) -4.0 percent
B
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Which of the following believe that discretionary monetary policy and discretionary fiscal policy are effective countercyclical policy actions? activists
a. rule advocates b. activists c. new classical economists d. rational expectations theorists
If the economy is at point A in the Phillips curve graph shown, what prediction would you make for unemployment in the long run?
A. It will decrease. B. It will increase. C. It will remain constant. D. It will explode.
Supporters of offshoring claim that its benefits include:
A. increased demand for workers in complementary jobs. B. keeping U.S. firms profitable by lowering production costs. C. reduced prices for consumers. D. all of these.
The ease and quickness with which an asset can be exchanged for goods, services, or other assets is its
A. liquidity. B. time to maturity. C. velocity. D. risk.