A Phillips curve illustrates a tradeoff between the __________________ rate and the inflation rate.
a. unemployment
b. tax
c. growth
d. import
a. unemployment
Economics
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Shocks and Integration) Using the graph, which of the following has the highest degree of market integration with the other countries?
A) Peru and Colombia B) Peru and Uruguay C) Venezuela and Uruguay D) Venezuela
Economics
Economists assume people's choices
A) are inherently random. B) are the result of greed. C) cannot be predicted. D) conflict with the actions or interests of everyone else. E) create options for other people.
Economics