When the misery index is used to judge macroeconomic conditions, reducing inflation by one percentage point
A) has no effect at all on how we judge the economy's performance.
B) is of less benefit to the economy than reducing the unemployment rate by one percentage point.
C) gives the same benefit to the economy as reducing the unemployment rate by one percentage point.
D) is of greater benefit to the economy than reducing the unemployment rate by one percentage point.
C
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In what industrial sector are children most likely to be working?
What will be an ideal response?
Investments in both physical and human capital enhance economic growth because they:
A. increases consumption during the current period. B. makes it possible for individuals to produce more goods and services per hour worked. C. encourages firms to expand output by employing more low-productivity workers. D. encourages workers to unionize and, thereby, fight for higher wages.