A reduction in the rate of inflation is known as
A. disinflation.
B. deflation.
C. inflation.
D. None of the above is correct.
Answer: A
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What will be an ideal response?
The proposition that states that as output increases for one good in an economy that is on its production possibilities curve, the cost of additional units of the good on the horizontal axis will be greater and greater is the:
A) law of absolute advantage. B) law of increasing opportunity cost. C) law of policy ineffectiveness. D) law of demand.
Decreases in net taxes, increases in the Z factors, and increases in government spending are contractionary policies.
Answer the following statement true (T) or false (F)
Suppose the adult population of a country is 100 million. Of these adults, 70 million are employed and 15 million are unemployed. The labor force of this country is _____
a. 170 million b. 115 million c. 85 million d. 30 million