The Phillips curve is thought to reflect the relationship between
A) unemployment and inflation. B) the price level and inflation.
C) unemployment and real GDP. D) inflation and real GDP.
A
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When a recession begins and ends is determined by a committee within the
a. Office of Management and Budget b. Bureau of Economic Analysis c. Council of Economic Advisors d. National Bureau of Economic Research e. Bureau of Labor Statistics
Affirmative action laws require employers to search for qualified minority applicants but not to necessarily give them jobs.
Answer the following statement true (T) or false (F)
If two individuals have identical schooling, their incomes will be equal
a. True b. False Indicate whether the statement is true or false
An effective price floor on wheat will:
A. force otherwise profitable farmers out of business. B. result in a shortage of wheat. C. result in a surplus of wheat. D. clear the market for wheat.