If an employment situation is characterized by adverse selection, there is an excess supply of underqualified applicants for each job

In the above figure, point ________ shows an equal distribution of income, while point ________ shows an unequal distribution of income

A) a, b B) b, c C) b, a D) a, d

One way in which the Phillips curve is misinterpreted is to think of it as

a. a model of economic activity that explains changes in unemployment and inflation by changes in aggregate demand. b. a statistical relationship between inflation and unemployment. c. depicting a number of alternative equilibrium points the economy could achieve. d. All of the above.