The Phillips curve describes a trade-off between interest rates and unemployment
Indicate whether the statement is true or false
F
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Some economists argue the best response to a monopoly is to:
A. do whatever the public demands. B. do nothing at all. C. never publicly own enterprises because it raises taxes. D. None of the statements is true.
A monopsony is characterized as a market which has:
A. many buyers and one seller. B. one buyer and many sellers. C. many buyers and many sellers. D. one buyer and one seller.
Suppose that India has a government budget surplus, and then goes into deficit. This change would
a. increase India's national saving and shift its supply of loanable funds left. b. increase India's national saving and shift its demand for loanable funds right. c. decrease India's national saving and shift its supply of loanable funds left. d. decrease India's national saving and shift its demand for loanable funds right.
Which of the following will not increase labor's productivity?
A. education B. technology C. new capital D. growth in output