The short-run Phillips curve suggests that ____ rates of unemployment can be traded off for ____ rates of inflation
a. lower; higher
b. greater; relatively high
c. less; relatively low
d. less; relatively high
a
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Which of the following statements is correct and which is not? Explain why. a. When we all face the same prices, our tastes become the same. b. When we all face the same prices, our tastes become the same at the margin.
What will be an ideal response?
An index of the weighted exchange value of the U.S. dollar versus the currencies of a broad group of major U.S. trading partners is called:
A) trade-weighted dollar. B) exchange-weighted dollar. C) dollarization. D) bilateral dollar.
Congress expects Social Security and Medicaid to fall short of revenue that will be needed to cover promised benefits in the future. On what evidence are these expectations based?
Most Americans would voluntarily support defense without required taxation
a. True b. False Indicate whether the statement is true or false