A plot of points representing the rate of inflation and the unemployment for the United States since 1953 reveals that
A) there does not appear to be any trade-off between the two variables.
B) there is an inverse relationship between the two variables.
C) there is a positive relationship between the two variables.
D) none of the above.
A
You might also like to view...
Which of the following countries became the newest members of the European Union in 2007?
A) Bulgaria and Romania B) Greece and Sweden C) Albania and Cyprus D) None of the above
When the ________ interest rate is low, there are greater incentives to ________ and fewer incentives to ________
A) nominal; lend; borrow B) real; lend; borrow C) real; borrow; lend D) market; lend; borrow
The main difference between perfect competition and monopolistic competition is:
a. The number of sellers in the market b. The ease of entry and exit in the industry c. The degree of information about market price d. The degree of product differentiation e. Whether it is the short run or the long run
A professor of economics gets a $100 a month raise. She figures that even with her new monthly salary she will be unable to buy as many goods and services as she could 12 months ago
a. Her real and nominal salary have risen. b. Her real and nominal salary have fallen. c. Her real salary has risen and her nominal salary has fallen. d. Her real salary has fallen and her nominal salary has risen.