A permanent reduction in inflation would
a. permanently reduce shoeleather costs and permanently lower unemployment
b. permanently reduce shoeleather costs and temporarily raise unemployment
c. temporarily reduce shoeleather costs and temporarily lower unemployment
d. temporarily reduce shoeleather costs and temporarily raise unemployment
b
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How does a cap-and-trade system:
a. force polluters to internalize an externality? b. lower transactions costs? c. give incentive to polluters to find new ways to reduce pollution? d. make future pollution reductions easy to implement?
The disposal and settlement of the public lands, according to Hughes and Cain (2011),
(a) went pretty much, in practice, as Jefferson had envisioned. (b) had both intended and unintended consequences. (c) occurred in an orderly and efficient manner for the most part. (d) was adequately funded and well-organized in execution.
A local fast-food restaurant mails out coupons for a free sandwich to every home in the community. The opportunity cost of redeeming the sandwich for someone who was on a diet might be:
A. lost wages due to spending time in a long line instead of eating a Healthy Choice meal in your office. B. not eating because you are on a "get fit for the summer" diet plan. C. eating a "Tough Man's Burger," which is one of your favorite fast food options. D. There was no opportunity cost for the sandwich because it was free.
Which of the following is NOT a determinant of the demand for gasoline?
A. The price of diesel B. Consumers' incomes C. The supply of gasoline D. The price of automobiles