The short-run Phillips curve portrays a(n):
a. direct relationship between total employment and the inflation rate
b. inverse relationship between inflation and total employment.
c. direct relationship between the unemployment rate and the inflation rate.
d. inverse relationship between the unemployment rate and the inflation rate.
e. inverse relationship between the price level and the unemployment rate.
d
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Is the image of the typical American worker as a blue-collar worker true? Substantiate your answer with facts.
What will be an ideal response?
In finance, risk is most commonly measured by
A) the probability distribution. B) the standard deviation. C) the average deviation. D) the square root of the standard deviation.
Barriers to entry enable many monopolists to
A) charge as high a price as they want. B) make people buy more of a good than they really want. C) earn economic profits in the long run. D) manipulate the government into providing special favors for themselves.
Economic immigrants:
A. are defined as any international migrants that have an impact on the economy. B. are defined as international migrants motivated by economic gain. C. only impact the economy if they enter the country legally. D. include not only people, but also any capital that migrates from another country.