The short-run Phillips curve is the relation between inflation and unemployment that holds for a given natural rate of unemployment and a
A. given level of unemployment.
B. given expected rate of inflation.
C. given rate of inflation.
D. given expected level of unemployment.
Answer: B
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Any custodial parent who applies for federally funded welfare must agree to help in the collection of eligible child support, and assign all rights to payments to the welfare agency
Indicate whether the statement is true or false
In the short run, if average variable costs equal $45, average total costs equal $50, and output equals 100, the total fixed costs will equal
a. $5. b. $500. c. $1,000. d. $5,000.
A. decrease the quantity of X demanded by more than 4 percent. B. decrease the quantity of X demanded by less than 4 percent. C. increase the quantity of X demanded by more than 4 percent. D. increase the quantity of X demanded by less than 4
percent. A. the price elasticity of demand is 0.44. B. A is a complementary good. C. the price elasticity of demand is 2.25. D. A is an inferior good.