Which of the following models advocate that the quantity of money should be increased at a constant rate?
A) the real business cycle model B) the new classical model
C) the new Keynesian model D) the monetarist model
D
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A decrease in the unemployment rate which is accompanied by an increase in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
When an economy experiences significant economic growth:
a. a negative relationship exists between output per capita and adult literacy rates. b. an indirect relationship exists between output per capita and adult literacy rates. c. a direct relationship exists between output per capita and adult literacy rates d. no observed relationship exists between output per capita and adult literacy rates.
Which one of the following is a positive economic statement?
A. An increase in the minimum wage will reduce employment for teenagers. B. The minimum wage should be increased. C. Social justice will be served by increasing the minimum wage. D. Thoughtful people oppose an increase in the minimum wage.
Distinguish between microeconomics and macroeconomics
Please provide the best answer for the statement.