Which of the following is not one of the three core economic issues that must be resolved?
A. Who should get the goods and services we produce.
B. What to produce with limited resources.
C. How to produce the goods and services we select.
D. What to produce with unlimited resources.
Answer: D
Economics
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Purchasing power parity is the theory that, in the long run, exchange rates move to equalize
A) the relative purchasing power of currencies across countries. B) nominal interest rates across countries. C) real GDP across countries. D) corporate profits across countries.
Economics
The short-run Phillips curve shows that as the unemployment rate goes down, _____
a. unemployment benefit payments go up b. prices go down c. the Phillips curve shifts outward d. the inflation rate goes up e. there is no change in the rate of inflation
Economics