If the economy experiences an unanticipated demand shock and households and firms have rational expectations, there is
A) no trade-off between unemployment and inflation in either the short run or the long run.
B) a trade-off between unemployment and inflation in the long run, but not in the short run.
C) a trade-off between unemployment and inflation in the short run, but not in the long run.
D) a trade-off between unemployment and inflation in both the short run and the long run.
C
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State at least two major benefits of promoting non-governmental organizations in developing countries as sources and conduits of foreign assistance
What will be an ideal response?
All transaction deposits are included in
A) M1 only. B) M2 only. C) both M1 and M2. D) savings balances only.
In 2017, approximately what percent of adults in the United States had received more education than a high school degree?
A. 15% B. 90% C. 67% D. 35% E. 25%
Unemployment caused by permanently decreased demand for horse - drawn carriages is an example of
A) frictional unemployment. B) discouraged unemployment. C) seasonal unemployment. D) structural unemployment. E) cyclical unemployment.