There is a
a. short-run tradeoff between inflation and unemployment.
b. short-run tradeoff between an increase in the money supply and inflation.
c. long-run tradeoff between inflation and unemployment.
d. long-run tradeoff between an increase in the money supply and inflation.
a
You might also like to view...
The global financial panic in September 2008 that led to a sharp fall in business investment spending and consumer spending can be viewed as: a. a sharp decrease in aggregate supply
b. a sharp decrease in aggregate demand. c. a sharp decrease in both aggregate supply and aggregate demand. d. a modest increase in aggregate supply. e. a modest increase in both aggregate demand and aggregate supply.
The restaurant market in San Francisco is probably best categorized as: a. perfectly competitive
b. monopolistic. c. monopolistically competitive. d. oligopolistic.
An example of a capital good is
a. food produced by U.S. farmers in 2008 b. the car that your friend drives to school c. a house owned and occupied by a family d. the rent your friend paid last year for a college apartment e. a share of General Electric Company stock
If a country fixes its exchange rate below the equilibrium value,
a. the result is an excess supply of that currency b. there will be downward pressure on the exchange rate c. its GDP will increase d. its GDP will decrease e. it will have to sell its own currency in order to eliminate the excess demand