Phillips developed a curve that shows the trade-off between the
A. Natural rate of unemployment and exchange rates.
B. Unemployment rate and inflation rates.
C. Full employment rate and interest rates.
D. Full employment rate and the natural rate of unemployment.
Answer: B
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The new growth theory was developed by ________ and proposes that ________
A) Thomas Malthus; increases in population drive wages to their subsistence level B) Ben Bernanke; changes in the money supply drive economic growth C) Paul Romer; the desire for profits drives increases in real GDP per person D) Adam Smith; markets will determine the appropriate economic growth rate E) Robert Solow; increases in technology growth are responsible for economic growth
A doubling of the current minimum legal wage is likely to confer the most benefit and impose the least harm on members of which group listed below?
A) Employers who own small businesses B) Highly skilled workers C) Shareholders of large corporations D) Teenagers E) Unskilled workers
What are the advantages of setting up a corporation as opposed to a proprietorship or partnership?
What will be an ideal response?
In the United States, out-of-pocket spending on health care is about ________ percent of all health care spending
A) 2 B) 12 C) 33 D) 48