Which of the following is true of Carter administration?
a. Dramatic expansion of Social Security and Medicare programs
b. Large income tax cuts, especially for the wealthy
c. Deregulation of airlines, trucking, railroads and the financial services industry
d. Government control of gasoline and food prices
c. Deregulation of airlines, trucking, railroads and the financial services industry
Economics
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If unemployment is at the natural rate, then there
A) is no cyclical unemployment. B) is no frictional unemployment. C) will be cyclical and frictional unemployment but not structural unemployment. D) will be only cyclical unemployment.
Economics
Scarcity is determined by the existence of bad alternatives.
a. true b. false
Economics