The phenomenon of nonparticipation appears to be a permanent state
Indicate whether the statement is true or false
F
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An increase 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
One of the problems with the definition of economic growth is that
A) it overstates economic growth because it does not account for leisure time. B) it does not account for the distribution of income. C) it overstates economic growth because it does not account for the reduction in work time. D) it understates economic growth because it does not account for the reduction in work time.
If a pair-wise majority vote was held and the voters' preferences are shown in the table, which of the following is true?
A. The preferences of each member is transitive.
B. The collective preferences of the group are not transitive.
C. The outcome of the vote will change, depending on the order of the vote.
D. All of these are true.
In the aggregate demand/aggregate supply model, a country's full-employment real GDP is represented by:
A. prices. B. aggregate demand. C. aggregate supply. D. an increase in the general level of prices.