A stock person who is laid off by a department store because retail sales across the country have decreased is _______ unemployed.

Which of the following are separate flows in the circular flow model?

A) the flow of income received by households and the flow of tax revenues paid by households B) the flow of income earned from the sale of resources and the flow of expenditures on goods and services. C) the flow of goods and the flow of services D) the flow of costs and the flow of revenue

As wages and prices become more sticky ________

A) the short-run Phillips curve gets flatter B) wages become less responsive to unemployment deviations from the natural rate C) it becomes easier to differentiate the short-run from the long-run Phillips curve D) all of the above E) none of the above