Each point on the Phillips curve represents a combination of the:
a. consumption rate and the unemployment rate.
b. savings rate and the inflation rate.
c. interest rate and the savings rate.
d. inflation rate and the unemployment rate.
d
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In general, which of the following do NOT tend to increase trade between two countries?
A) linguistic and/or cultural affinity B) historical ties C) larger economies D) mutual membership in preferential trade agreements E) the existence of well controlled borders between countries
Hot dogs and hot dog buns are complementary goods. The cross price elasticity between hot dogs and hot dog buns: a. is positive
b. is equal to zero. c. is negative. d. could be any of the above.
Most political scientists and economists agree that ________ is detrimental to economic growth.
A. the free and open exchange of ideas B. a just-in-time inventory system C. a set of well-defined property rights D. political instability
The amount originally lent by a bondholder is called the:
A. coupon payment. B. principle amount. C. dividend. D. risk premium.