During the 1960s, the inflation rate and the unemployment rate were inversely related

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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If prices increase, the money demand curve shifts ______.

a. rightward b. leftward c. upward d. downward

Economics

What is the total cost of 120 units in Figure 21.2?

A. $9,600. B. $10,560. C. $24,960. D. $34,560.

Economics

Economics is the study of:

A. how to invest in the stock market. B. how society uses limited resources. C. the role of money in markets. D. how government officials decide which goods and services are produced.

Economics

Nations with single payer systems typically have

A. higher tax rates than exist in the U.S. B. better access to high-tech medical solutions than in the U.S. C. serious inequality in the access to basic care. D. lower life expectancies than in the U.S.

Economics