Moving along the short-run Phillips curve, as the unemployment rate increases, the inflation rate
A) initially increases and then decreases.
B) remains unchanged.
C) increases.
D) decreases.
E) initially decreases and then increases.
D
Economics
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Which of the following would not be considered a cause of poverty?
a. lack of proficiency in English b. a college education c. bad luck d. gender discrimination
Economics
Assume that empirical evidence shows a difference in mean earnings between two groups, say, majority and minority workers. What conclusion may be drawn?
a. The group with the lower earnings is being discriminated against. b. The group with the lower earnings is less productive. c. The group with the lower earnings has less human capital. d. Any of the above statements could, either partially or entirely, explain this difference.
Economics