The mainstream view among economists is that
a. society faces a tradeoff between unemployment and inflation, but only in the short run.
b. society faces a tradeoff between unemployment and inflation, but only in the long run.
c. society faces a tradeoff between unemployment and inflation, both in the short run and in the long run.
d. no tradeoff exists between unemployment and inflation, either in the short run or in the long run.
a
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One reason why many low-income countries experience low rates of growth is because of poor public education and health
Indicate whether the statement is true or false
The present value of $1 payable in the future decreases:
a. the higher r is and the sooner it is to be paid. b. the lower r is and the sooner it is to be paid. c. the higher r is and the longer time until it is paid. d. the lower r is and the longer time until it is paid.
During the financial crisis of 2008, which company did not receive a loan from the Fed?
a. J. P. Morgan b. General Electric c. American International Group d. Bank of America
Union contracts that have built-in cost-of-living adjustments and home mortgages that vary with the rate of inflation are
a. inappropriate ways of combating inflation b. examples of bracket creep c. means of implementing fiscal policy d. examples of steps that can be taken to decrease the adverse impacts of inflation e. examples of failed discarded policies of the 1970s