In the long run, there is
A) a tradeoff between unemployment and inflation.
B) a tradeoff between unemployment and natural unemployment.
C) a tradeoff between unemployment and real GDP.
D) no tradeoff between unemployment and inflation.
E) no tradeoff between fiscal policy and monetary policy.
D
You might also like to view...
What is larger: M1 or M2? Why?
What will be an ideal response?
What characteristic do human and physical capital share?
A) Both are controlled by the government. B) Current costs are incurred for future benefits. C) Their growth depends crucially on the growth of total factor productivity. D) The use of both exhibits rivalry.
A study by Kathryn Edin and Laura Lein found that
A. virtually all single mothers—whether working or receiving public assistance—had to supplement their income with money from relatives, boyfriends, or the absent father of their children. B. most welfare families lived very comfortably on their public assistance checks, supplemented by Medicaid, public housing, and food stamps. C. only half the number of Americans officially below the poverty line were actually poor. D. government assistance hurt the poor much more than it helped the poor.
Which of the following is often described as the most powerful person in the U.S. economy?
A. The president of the United States. B. The Speaker of the House of Representatives. C. The chairman of the House Ways and Means Committee. D. The chairman of the Federal Reserve.