The long-run Phillips curve is located at the natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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Mutual funds that allow shares to be redeemed at any time at a price that is tied to the asset value of the fund are known as
A) close-end funds. B) open-end funds. C) asset-value funds. D) redeemable funds.
With faster inflation, money in the form of ________ becomes more desirable
A) currency B) non-interest-bearing checkable deposits C) interest-bearing checkable deposits D) All of these forms are equally desirable when inflation increases.
The gains from specialization in international trade accrue strictly from the principle of absolute advantage
Indicate whether the statement is true or false
The national income accounts include a value for the amount of capital stock "used up" during the production of current output. This dollar amount is called
a. appreciation. b. dollarization. c. amortization. d. depreciation.