Economic data that are adjusted for price-level changes are said to be expressed in terms of

Infant industries often refer to:

A) the foreign industries. B) the fledgling domestic industries. C) the public sector undertakings. D) the agriculture-based industries.

If the economy is experiencing lower levels of unemployment, the short-run Phillips curve suggests that ____ additional employment can be purchased at ____ rates of inflation

a. greater; relatively low b. greater; higher c. lower; lower d. No such employment-inflation relationship is suggested by the Phillips curve.