Most economists think changes in which type of unemployment affects inflation?
A) frictional unemployment
B) cyclical unemployment
C) structural unemployment
D) natural rate of unemployment
B
Economics
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During the recession phase of the business cycle,
A) interest rates are usually falling. B) income is usually rising. C) production is usually rising. D) unemployment is usually falling.
Economics
Which famous economist developed the principle of comparative advantage as we know it today?
a. Adam Smith b. David Ricardo c. John Maynard Keynes d. Milton Friedman
Economics