The natural rate hypothesis concludes that when the inflation rate unexpectedly increases, the unemployment rate ________
But when the higher inflation rate becomes the expected inflation rate, the unemployment rate then ________ until it reaches the ________ unemployment rate.
A) decreases; decreases; natural
B) increases; decreases; natural
C) decreases; increases; natural
D) increases; decreases; minimum
E) decreases; increases; maximum
C
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After 1995 U.S. growth rate ________ and the European Rate ________
A) slowed down; speeded up B) speeded up; slowed down C) slowed down; slowed down D) speeded up, speeded up
In a command economy
a. a dictator makes every economic decision b. owners can sell their resources to the highest bidder c. no individual or group coordinates the economy d. in theory, individual choices are reflected in collective decisions, and decisions are made by central planners e. public ownership of resources is combined with free markets to direct economic activity