The Friedman-Phelps analysis suggests that there is a long-term relationship between
A. inflation and unemployment.
B. unanticipated inflation and cyclical unemployment.
C. cyclical inflation and structural unemployment.
D. anticipated inflation and structural unemployment.
Answer: B
Economics
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Knowledge that can be applied to the production of goods and services is:
A) natural resources. B) specialization. C) technology. D) comparative advantage.
Economics
A feasible solution to ensure that the sales agents are pricing the merchandise in the firm's best interest and not too aggressively is to
a. Never let them reduce the price b. Let them control the pricing decision independently c. Require the sales agents to obtain permission to reduce price below a specific threshold d. All of the above
Economics