A basis for the slope of the short-run Phillips curve is that when unemployment is high there are
a. downward pressures on prices and wages.
b. downward pressures on prices and upward pressures on wages.
c. upward pressures on prices and downward pressures on wages.
d. upward pressures on prices and wages.
a
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Financial crises in advanced economies might start from a
A) debt deflation. B) currency crisis. C) mismanagement of financial innovations. D) currency mismatch.
The goal of industrial policy should be that
a. industries yielding the largest positive externalities should receive the biggest subsidies. b. any industry that produces negative externalities should be heavily taxed. c. any production process that produces negative externalities should be shut down. d. all industries that produce positive externalities should be equally subsidized.
The United States gives ________ percent of its total output to foreign aid
A. 0.4 B. 0.7 C. 0.19 D. 0.28
The Fed is also known as a "banker's bank."
Answer the following statement true (T) or false (F)