When actual inflation is greater than expected inflation,
A. there are transfers from lenders to borrowers.
B. cyclical unemployment rises, according to Phillips-curve analysis.
C. there are transfers from borrowers to lenders.
D. the natural rate of unemployment rises, according to Phillips-curve analysis.
Answer: A
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The table below gives data on output for a firm in the short run. The firm is able to hire labor and its TPP is given. Compute the APP, MPP, and MRP for labor if the price of the good is fixed at $12 per unit. LABORTPPAPPMPPMRP14_______________29_______________315_______________421_______________526_______________630_______________733_______________835_______________936_______________
What will be an ideal response?
Over time, population growth in the different regions of colonial America was consistent and even
Indicate whether the statement is true or false
In Monetarist theory, the role of the government should be to:
a. Use fiscal policies to ensure that aggregate demand is sufficient to meet aggregate supply. b. Control prices. c. Seek to raise productivity by setting up and enforcing fair rules of behavior, encouraging competitive markets, imposing reasonable taxes, and creating stable and predictable political environments. d. All of the above. e. None of the above.
Exhibit 2-15 Production possibilities curve
In Exhibit 2-15, the shape of the production possibilities curve demonstrates:
A. changing prices. B. economic growth. C. decreases in resources. D. the law of increasing opportunity costs.