During which phase of the business cycle would there most likely be shortages of workers in certain skill areas?
A. Expansion
B. Peak
C. Trough
D. Contraction
B. Peak
Economics
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When economic growth occurs it will: a. eventually eliminate scarcity
b. shift the production possibilities curve to the left. c. be a product of luck. d. often result from improved technology.
Economics
The economy will move to a point on the short-run Phillips curve where unemployment is higher if
a. the inflation rate decreases. b. the government increases its expenditures. c. the Fed increases the money supply. d. None of the above is correct.
Economics
Which of the following would be most likely to enhance the growth rate of an economy
What will be an ideal response?
Economics
The NAIRU is short for the nonaccelerating inflation rate of unemployment.
Answer the following statement true (T) or false (F)
Economics