In the long run, monetary growth
A. can change the unemployment rate while holding the inflation rate constant.
B. can promote economic growth.
C. cannot affect the factors that determine the economy's unemployment rate.
D. can change the unemployment rate only at the cost of increased inflation.
Ans: C. cannot affect the factors that determine the economy's unemployment rate.
You might also like to view...
Dr. Khan starts his own dental practice after quitting his $150,000 job at The Mall Dental Clinic. His revenues for the first year are $500,000
He paid $90,000 in rent for the dental office, $60,000 for his office manager's salary, $24,000 for the dental hygienist, $150,000 for insurance, and $6,000 for other miscellaneous costs. The normal profit from running his business is $20,000. Which of the following statements is true? A) His accounting profit is $350,000. B) His economic profit is $150,000. C) His economic profit is zero. D) His accounting profit is zero. E) None of the above answers is correct.
Based on Table 9.1, the balance on the current account is
A) +100. B) +200. C) 0. D) -100. E) -200.
The market demand that is NOT met by other sellers in a market is known as a firm's
A) excess demand curve. B) market demand curve. C) residual demand curve. D) leftover demand curve.
In a bilateral monopoly, equilibrium price will
A) favor the seller. B) favor the buyer. C) approximate the competitive equilibrium price. D) not be determined by a simple rule.