In the above figure, the axis break in the x-axis
A) reflects the fact that for the years covered in the figure, the unemployment rate was never less than 3 percent.
B) shows that there is no relationship between inflation and unemployment.
C) misleadingly shows that inflation has changed very little even though the unemployment rate has increased a great deal.
D) implies that for the years covered in the figure, the inflation rate was always greater than 1 percent.
A
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The ability to organize and meet an objective, such as meeting regulatory and financial requirements to start and run a business, is known as:
A. business sovereignty. B. democratic capitalism. C. consumer sovereignty. D. entrepreneurship.
The average annual rate of population increase in the Philippines from 2000 to 2010 was about 2 percent. Based on this rate of growth, the population of the Philippines will double in about:
A. 7 years B. 11 years C. 35 years D. 46 years
Japan's Debt to GDP ratio is currently about
A) 50% B) 100% C) 150% D) 250%
Refer to Figure 10-3. Which of the following is consistent with the graph depicted above?
A) The government runs a budget deficit. B) An expected recession decreases the profitability of new investment. C) Taxes are changed so that real interest income is taxed rather than nominal interest income. D) Technological change increases the profitability of new investment.