Use the following table to answer the next question.YearUnemployment Rate (%)Inflation Rate (%)14.03.024.52.535.02.045.53.056.04.5Consider years 3, 4, and 5. Based on this data, the Phillips curve is ________.
A. downward sloping
B. vertical
C. of indeterminate slope
D. upward sloping
Answer: D
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The use of eminent domain is probably more justifiable if the parcels of land needed for a project are
A) contiguous. B) noncontiguous. C) owned by the federal government. D) owned by one party instead of many parties.
What is the aggregate production function?
What will be an ideal response?
Under a flexible exchange rate system an increase in the value of a currency relative to other currencies is a called a(n) ________ and under a fixed exchange rate system an increase in the official value of a currency is called a(n) ________.
A. depreciation; devaluation B. depreciation; appreciation C. revaluation; appreciation D. appreciation; revaluation
If the price of action figures was $8.00 each, his consumer surplus would be
Table-Demand and Utility Table for action figures
A. $8.
B. $12.
C. $16.
D. $32.