One example of a microeconomic question is, "Should unemployment benefits be increased?"
Answer the following statement true (T) or false (F)
False
Economics
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The existence of an inflationary gap would tend to benefit most
a. bankers. b. retired persons. c. unemployed workers. d. stock owners.
Economics
Between 1989 and 1994 the poverty rate went _____.
A. down substantially B. down slightly C. up slightly D. up substantially
Economics
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Economics
Point Y is in the _____ phase of the business cycle.
A. prosperity
B. recovery
C. depression
D. recession
Economics