Lower inflation rates are usually correlated with lower unemployment rates.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Price ceilings result in shortages
Indicate whether the statement is true or false
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it. Assuming that the PPF has not shifted, this could be due to
A) a gain of resources. B) a loss of resources. C) technological improvement in the production of both goods. D) a new law that interferes with productive efficiency.
In an effort to balance the federal budget, an increase in Social Security taxes is passed. What is the most likely effect of this on equilibrium GDP?
A. GDP will increase. B. GDP will decrease. C. GDP will not change but prices will rise. D. GDP will not change but employment will increase.
As of 2010, to be in the bottom quintile for income distribution in the United States, a family needed in income no more than
A. $15,000. B. $27,000. C. $23,000. D. $35,000.