An analysis of the American economy since 1960 shows that there is a stable relationship between inflation and unemployment
A) only in the short run.
B) only in the long run.
C) in neither the short run nor the long run.
D) in both the short run and the long run.
A
You might also like to view...
If there was a positive technological shock which increased the demand for labor, then
A) imports would increase. B) GDP would decrease. C) GDP would increase. D) imports would decrease.
The Open Market Trading Desk is
A) another name for the Federal Open Market Committee. B) an organization of private traders in government securities. C) the area on the floor of the New York Stock Exchange set aside for bond trading. D) a group of private securities traders that the Fed has selected to participate in open market operations.
The unemployment rate measures: a. unemployed workers as a percentage of the population
b. unemployed workers as a percentage of the population over the age of sixteen. c. unemployed workers as a percentage of the labor force. d. the number of people unemployed divided by the number of people employed.
Oligopolies feature
a. the absence of barriers to entry b. extensive competition c. the goal of profit maximization d. strategic interaction of firms e. product differentiation