Stagflation consists of
A) high inflation and low unemployment.
B) low inflation and high unemployment.
C) high inflation and high unemployment.
D) high unemployment and an economy in a deep recession.
E) none of the above
C
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An indifference curve shows
A) the relationship between prices and a household's budget. B) all possible prices and preferences for a good. C) combinations of goods among which a household is indifferent. D) budget lines among which a consumer is indifferent.
A motivation for holding stock is
A. To receive interest payments on the firm's debt. B. To have a direct role in the operation of the corporation. C. To own a low-risk, illiquid asset. D. The anticipation of capital gains.
The accompanying table describes the relationship between the number of workers hired by a call center each hour and the number of calls the call center can make each hour. The call center has only 1 telephone. The telephone costs the firm $5/hour (regardless of how many calls are made), and each worker is paid $10 per hour.Calls Per HourNumber of Telephones Per HourNumber of Workers Per Hour11221461616182211024112 What is the total cost of making 6 calls an hour?
A. $40 B. $60 C. $30 D. $65
The ideas of economist Arthur Laffer became the centerpiece for tax policy during the:
A. Ford administration. B. Clinton administration. C. Nixon administration. D. Reagan administration.