Incorporation of expectations into economic decision making and the economic experience of recent decades indicate that in the long run
a. inflation relates directly to unemployment.
b. inflation is inversely related to unemployment.
c. there is no trade-off between inflation and unemployment.
d. high unemployment is a primary cause of inflation.
C
You might also like to view...
The reason that higher interest rates reduce aggregate demand in an open economy with capital flows is that investment
a. increases generated by higher interest rates are offset by net export decreases. b. decreases generated by higher interest rates are coupled with net export decreases. c. decreases generated by higher interest rates are offset by net export increases. d. increases generated by higher interest rates are coupled with net export increases.
Refer to the above graph. What combination would most likely cause a shift from AD 1 to AD 3?
An increase in taxes and an increase in government spending A decrease in taxes and a decrease in government spending An increase in taxes and a decrease in government spending A decrease in taxes and an increase in government spending
A bank's reserves include
What will be an ideal response?
The owner(s) of a corporation
A) is the entrepreneur. B) are the shareholders. C) are the bondholders. D) is the CEO.