In the 1960s, advocates of the Phillips curve suggested ________
A) an "optimal" goal of 1% unemployment and 1% to 2% inflation rates could be achieved
B) a "realistic" goal of 7% unemployment and 6% to 7% inflation rates could be achieved
C) a "nonperfectionist" goal of 3% unemployment and 4% to 5% inflation rates could be achieved
D) all of the above
E) none of the above
C
Economics
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The Keynesian model of aggregate demand includes:
I. government purchases and taxes. II. consumer spending and investment spending. III. exports plus imports. a. I b. I and II c. II and III d. I, II, and III
Economics
Which of the following is an example of a public good?
A) Amtrak rail transport services B) services of the U.S. Post Office C) the provision of medical care D) the provision of national defense
Economics