According to Figure 7.1 in Country A,
A. Relative prices may have been changing, but average prices were constant.
B. Average prices were constant, and unemployment was increasing.
C. Relative prices were definitely constant.
D. Average prices and relative prices were definitely changing.
Answer: A
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Which of the following is not a determinant of an individual's marginal product?
A) talent B) money income C) experience D) educational level
Lung cancer kills millions of people each year. If the government were to increase taxes on cigarettes, fewer people would smoke.
What will be an ideal response?
If the Federal Reserve reduces short-term interest rates to virtually zero, and the economy still needs stimulus, it may want to turn to unconventional monetary policies.
Answer the following statement true (T) or false (F)
The direct relationship between changes in price and changes in quantity supplied is
A. a change in supply. B. the law of supply. C. shown by a shift in the supply curve. D. the law of relative production.