In the 1960s, advocates of the Phillips curve suggested ________

A) an "optimal" goal of 1% unemployment and 1% to 2% inflation rates could be achieved
B) a "realistic" goal of 7% unemployment and 6% to 7% inflation rates could be achieved
C) a "nonperfectionist" goal of 3% unemployment and 4% to 5% inflation rates could be achieved
D) all of the above
E) none of the above


C

Economics

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An empowered employee has

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Which of the following statements is FALSE?

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Utility measurements are:

A. used to compare one person's preference for a good to another person's preference. B. a relative ranking of how much different people enjoy a particular good. C. a relative ranking of the satisfaction a person gets from alternative combinations of things. D. None of these is true.

Economics