Inflation is costly only if it is unanticipated

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Refer to Table 10.1. The value of the government purchases multiplier in this economy is

A) 0.2. B) 0.8. C) 4. D) 5.

Economics

Unlike indifference curves, isoquants can intersect

Indicate whether the statement is true or false

Economics

If there are 80 million people employed, 10 million unemployed, 5 million collecting unemployment insurance, and 5 million discouraged workers, there are ____________ in the labor force.

A. 85 million B. 90 million C. 95 million D. 100 million

Economics

Refer to the above figure. Perfect income equality is shown by

A. curve A. B. the horizontal axis. C. the vertical axis. D. curve D.

Economics