Refer to the production possibilities curve. At the onset of the Second World War, the Soviet Union was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movement from point:

According to published data pertaining to unemployment rates in selected European countries, the natural rate of unemployment

a. has been rising over the past three decades. b. declined sharply over the last three decades. c. has been lower than in the U.S. in the 1990s. d. has not changed much over the past three decades. e. Both a and c

Average real wages have not risen significantly since approximately 1973.

Answer the following statement true (T) or false (F)