When Okun's "misery index" is used to judge macroeconomic conditions, inflation is being considered
A) not to be a macroeconomic problem at all.
B) a less serious macroeconomic problem than unemployment.
C) just as serious a macroeconomic problem as unemployment.
D) a more serious macroeconomic problem than unemployment.
C
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The World Bank formed the World Trade Organization when it became clear that to alleviate poverty in developing nations, agricultural trade barriers were going to have to be reduced
Indicate whether the statement is true or false
The fact that the long-run Phillips curve is vertical implies that
A) monetary policy can't affect unemployment. B) money is neutral in the long run. C) there is a natural rate of inflation. D) money can't affect inflation in the long run.
In the above figure, what would be the profit or loss at the marginal cost pricing point for this natural monopolist?
A) -$300 B) $2,700 C) $2,100 D) -$1,200
The cross-price elasticity of garlic salt and onion salt is -2, which indicates that garlic salt and onion salt are substitutes
a. True b. False Indicate whether the statement is true or false