Figure 10-8
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Figure 10-8 illustrates a period of
A. low unemployment and high inflation.
B. low unemployment and low inflation.
C. high unemployment and high inflation.
D. high unemployment and low inflation.
Answer: C
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The ________ is the average hourly wage rate measured in current dollars, while the ________ is the average hourly rate measured in the dollars of a given reference base year
A) real interest rate; nominal interest rate B) nominal wage rate; real wage rate C) real wage rate; nominal wage rate D) nominal interest rate; real interest rate E) inflation rate; real wage rate
What is the best description of the US economy from 1929-1940?
a. GNP decreased continually during the greatest Depression our nation has known. b. The economy suffered a large drop from 1929-1933, but then grew steadily through WW II. c. The economy suffered an initial drop, a four-year expansion and then another drop towards the end of the decade. d. The unemployment rate increased steadily throughout the period.
Higher unemployment and higher inflation rates will most likely occur with
A. A rightward shift of the aggregate supply curve. B. A leftward shift of the aggregate demand curve. C. A rightward shift of the aggregate demand curve. D. A rightward shift of the Phillips curve.
Equity Instruments include
A) stocks. B) bonds. C) banks deposits. D) receipts. E) bank statements.