According to the ________ Phillips curve, the unemployment rate and the inflation rate are negatively related

A) long-run and short-run B) rational expectations
C) short-run D) long-run


C

Economics

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The United States switched from being a ________ to being a ________ in the early 1980s, when it started to run large current account ________

A) net lender; net borrower; deficits B) net borrower; net lender; deficits C) net borrower; net lender; surpluses D) debtor nation; creditor nation; deficits E) net lender; net borrower; surpluses

Economics

Average total cost is $100 for a given output, total fixed cost is 120 and average variable cost is 70. What is the quantity being produced?

What will be an ideal response?

Economics

Market failure establishes a basis for:

a) Government intervention. b) Private goods. c) Market power. d) Externalities.

Economics

Which of the following is a market transaction?

A. A stock increases in value over the 30 years that it is owned. B. A radio station changes its programming from classical to rock. C. Weather destroys a farmer's crops, leaving the farmer unable to buy groceries. D. A college student purchases a laptop computer.

Economics