A major difference between the costs of unemployment and the costs of inflation is that

A) the former is structural the latter frictional.
B) the government pays the latter, the population pays the former.
C) unemployment costs are concentrated among a few people, while inflation costs are distributed more broadly across the entire population.
D) unemployment costs are distributed among people, while inflation costs are distributed more narrowly across the entire population.

C

Economics

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Inelastic supply occurs whenever the elasticity of supply value is

A) positive and > 1. B) positive and < 1. C) any positive number. D) negative and < -1.

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Economic growth could make a country worse off

Indicate whether the statement is true or false

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