The curve that shows the relationship between inflation and unemployment when the economy is at full employment is the

A) aggregate supply curve.
B) long-run Phillips curve.
C) long-run Okun's curve.
D) aggregate demand curve.
E) short-run Phillips curve.

B

Economics

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Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States

A) frictional unemployment is higher B) frictional unemployment is lower C) cyclical unemployment is higher D) structural unemployment is higher E) avoidable unemployment is lower

Economics

If the wage rates in Canada are lower than in the United States,

a. workers in the United States will want to go to Canada and Canadian businesses will want to locate in the United States b. workers in Canada will want to go to the United States and businesses in the United States will want to locate in Canada c. unfair international competition is taking place d. goods will be more expensive in Canada e. the wage differentials will become wider over time

Economics