A movement from an upper point to a lower point on the Phillips curve shows
A. decrease in the inflation and decrease in the unemployment.
B. increase in the inflation and decrease in the employment.
C. increase in the inflation and increase in the employment.
D. decrease in the inflation and increase in the unemployment.
Answer: D
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When a regulator is concerned about pleasing different groups in order to keep employed, this is known as the
A) share-the-gains, share-the-pains theory. B) regulatory hypothesis. C) capture hypothesis. D) creative theory.
Economists refer to the relationship that a higher price leads to a lower quantity demanded as the _____________.
a. income gap b. market equilibrium c. law of demand d. price model
Why isn't the level of personal income always a good measure of the distribution of goods and services?
What will be an ideal response?
Which of the following is false?
A) For bond buyers, the higher the yield the better it is for them. B) For bond buyers, the higher the price of the bond the better it is for them. C) For bond buyers, the lower the yield the worse it is for them. D) The term yield on a bond is the same as the term interest rate on a bond.