If fluctuations in economic activity emanate from the supply side, higher rates of inflation will be associated with higher rates of unemployment, and lower rates of inflation will be associated with lower rates of unemployment.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Economic conflict(s) leading to the Civil War ___________________________.
A. were over tariffs and the extension of slavery into the new territories B. was the growing free trade with England C. was Abraham Lincoln freeing the slaves D. None of the choices are true
Using the quantity theory of money, in the long run a 3 percent increase in the quantity of money leads to a 3 percent
A) increase in real GDP. B) decrease in the price level. C) increase in the price level. D) decrease in the real interest rate. E) increase in the real interest rate.
How does the U.S. federal government assist workers who have lost their jobs due to international trade?
What will be an ideal response?
Which of the following pairs is the best example of substitutes?
a. Coffee and cream. b. Honey and biscuits. c. Tortillas and salsa. d. Hiking boots and athletic shoes.