The Phillips curve shows the relationship between
a. the rate of inflation and the rate of unemployment.
b. the rate of growth of real GDP and the rate of unemployment.
c. real prices and real GDP.
d. the rate of inflation and the rate of growth of real GDP.
a
Economics
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Life expectancy at birth is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.
a. true b. false
Economics
The indifference curves in the figure above (I1, I2, and I3 ) reflect Peter's consumption preferences
If Peter consumes 24 slices of pizza and 24 chocolate bars per month, he as satisfied as he would be consuming ________ slices of pizza and ________ chocolate bars per month. A) 48; 12 B) 40; 20 C) 32; 8 D) 16; 16
Economics