Both classicals and Keynesians agree that policymakers
A) can exploit the Phillips curve in the short run.
B) cannot exploit the Phillips curve in the short run.
C) can keep the unemployment rate permanently below the natural rate by permanently running a high rate of inflation.
D) cannot keep the unemployment rate permanently below the natural rate by permanently running a high rate of inflation.
D
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Why do poor countries often have lower rates of economic growth than richer countries?
What will be an ideal response?
Which is NOT a necessary condition for price discrimination to exist?
A) The firm must face a downward sloping demand curve. B) The firm must identify buyers with different elasticities of demand. C) The firm must be able to prevent resale of the product or service. D) The firm must establish different prices to reflect marginal cost.