The Phillips curve shows the relationship between inflation and what?
a) The balance of trade
b) The rate of growth in an economy
c) The rate of price increases
d) Unemployment
Answer: d) Unemployment
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Frictional unemployment
a. would be eliminated if the economy were more stable. b. would be eliminated if the minimum wage were raised. c. is the result of workers' skills not matching the jobs available. d. is present even when labor markets are working well.
The U.S. capital market raises investment finance mainly through
a. Bank loan syndication b. Commercial bank lending c. Related party transactions d. Selling of new shares of stocks and bonds in equity markets e. None of the above
In 2017, which group had the highest average salaries?
a. black women b. black men c. white women d. white men
The most-favored-nation policy is a WTO privilege that allows member nations to restrict tariff cuts to members.
a. true b. false