The negative relationship between unemployment and inflation is known as the

Specialization arises because

A) some people don't like doing some tasks. B) differences in the costs of production give some producers a comparative advantage in the production of particular goods or services. C) the government directs resources into certain activities. D) inefficient production forces producers to trade.

According to the Solow model, an increase in the capital—labor ratio will

A) always reduce steady-state consumption per worker. B) always increase steady-state consumption per worker. C) reduce steady-state consumption per worker if the capital—labor ratio is below the Golden rule capital stock. D) increase steady-state consumption per worker if the capital—labor ratio is below the Golden rule capital stock.