Which of the following statements about U.S. inflation is not correct?
a. Low inflation was viewed as a triumph of President Carter's economic policy.
b. There were long periods in the nineteenth century during which prices fell.
c. The U.S. public has viewed inflation rates of even 7 percent as a major economic problem.
d. The U.S. inflation rate has varied over time, but international data show even more variation.
a
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When people who are willing and able to work cannot find jobs, ________ is said to exist
Fill in the blank(s) with correct word
Refer to the table above. Suppose that the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm?
A) $1 B) $5 C) $10 D) $15
The account which records a nation's foreign economic transactions is called the:
a. Exchange Market. b. Trade Account. c. Balance of Payments. d. T account.
The controversy over affirmative action illustrates the
A. trade-off between equality and efficiency. B. incentive problems created by transfer payments. C. incentive problems created by personal income taxes. D. trade-off between progressive and regressive taxes.