The tradeoff exhibited by the short-run Phillips curve is
A) higher price level with lower real GDP.
B) lower inflation with lower unemployment.
C) changing inflation with constant unemployment.
D) higher inflation with higher unemployment.
E) higher unemployment with lower inflation.
E
Economics
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Labor productivity can be increased with
A) education and training of the workforce. B) an increase in capital goods used. C) improvements in management. D) all of the above
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Actions that reduce trade restrictions and promote free trade are often referred to as:
A. trade liberalization. B. trade protectionism. C. free trade politicism. D. autarky.
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