The long-run Phillips curve represents the relationship between the inflation rate and the unemployment rate when there is no ________ unemployment
A) cyclical B) frictional C) seasonal D) structural E) natural
A
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If the government eliminated unemployment benefit payments what would be the effect on the level of real GDP and well being in the economy?
The economy could produce at 8 units of outboard motors and 18 units of robots
A. immediately only under unusual circumstances such as war.
B. if there is economic growth over a period of years.
C. under no circumstances.
D. immediately only under unusual circumstances such as war AND if there is economic growth over a period of years.
Markets require a physical location to permit sellers to supply money to buyers for goods and services.
Answer the following statement true (T) or false (F)
The change in the quantity demanded of a good that results from the effect of a change in the price on consumer products purchasing power holding all other factors constant.
What will be an ideal response?