There is a
a. short-run tradeoff between inflation and unemployment.
b. short-run tradeoff between the actual unemployment rate and the natural rate of unemployment.
c. long-run tradeoff between inflation and unemployment.
d. long-run tradeoff between the actual unemployment rate and the natural rate of unemployment.
a
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If the Japanese central bank sells yen and buys U.S. dollars, the U.S. dollar will appreciate
Indicate whether the statement is true or false
An excess demand for money exists if the interest rate is below the equilibrium rate
a. True b. False
Usually an abundance of natural resources ________ average labor productivity.
A. doubles B. increases C. has no effect on D. decreases
Suppose that the price of macaroni rises. Quantity supplied will ________ and producer surplus will ________.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease