The Beveridge curve is
A) a positive relationship between unemployment and the inflation rate.
B) a positive relationship between the government deficit and aggregate output.
C) a negative relationship between the vacancy rate and the unemployment rate.
D) a positive relationship between the inflation rate and the nominal interest rate.
C
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When a good suddenly becomes more scarce in a free market, caused by a significant increase in consumer demand, then
A) it is a clear sign that households have become more greedy. B) the price will tend to rise rapidly in light of the greater scarcity. C) suppliers will gain in the exchange and buyers will lose. D) the law of demand will be contradicted because people will be buying more, not less, at a higher price. E) all of the above are true.
Bonds owned by financial institutions represent ownership of the national debt by the private sector
a. True b. False Indicate whether the statement is true or false
State and define all the components of the GDP of an economy when it is measured by using the expenditure method
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.