Studies have shown that children born into poverty do not suffer from lasting health problems
Indicate whether the statement is true or false
F
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Which of the following could create a movement along the short-run Phillips curve so that the unemployment rate temporarily falls below the natural unemployment rate?
A) an increase in aggregate demand and a quickly responsive wage rate B) a decrease in aggregate demand and a sticky wage rate C) an increase in aggregate demand and a sticky wage rate D) an increase in aggregate supply and a sticky wage rate E) a decrease in aggregate demand and a quickly responsive wage rate
Every society faces some basic economic choices such as
a. what quantities of goods and services to produce. b. which resources to use. c. who gets to have what share of the output. d. All of these.
In general, there is a(n) ________ relationship between the height/strength of the barriers and the number of firms in an industry
A) direct B) inverse C) constant D) random
Which of the following is used to test a hypothesis?
a. an aggregate statement b. a rational statement c. a positive statement d. a normative statement