The Phillips curve shows
A. that an increase in government spending will decrease real national income.
B. the relationship between the rate of interest and planned investment.
C. that when inflation is higher, the unemployment rate falls.
D. the relationship between the money supply and the price level.
Answer: C
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What would be an example of economies of scope achieved in the automobile insurance industry?
What will be an ideal response?
What type of protection does U.S. law grant the creator of a book, film, or piece of music?
A) A copyright, which grants exclusive rights to the creator for 20 years after the work is created. B) A patent, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death. C) A public franchise, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death. D) A copyright, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
If the price of gasoline increases from $2.50 per gallon to $3
00 per gallon and the quantity demanded goes down from 120 million gallons per week to 115 million gallons per week, the absolute value of price elasticity of demand in that price range is approximately A) 0.23. B) 4.35. C) 0.93. D) 2.34.
Voluntary exchanges between ____________ generates surplus.
A. firms B. countries C. individuals D. All of these are true.