The MP Curve ________
A) demonstrates how central banks respond to changes in inflation with changes in the interest rate
B) shows how changes in interest rates affect equilibrium output
C) explains short run fluctuations in output and inflation
D) all of the above
E) none of the above
A
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When moving along a demand curve, which of the following changes?
A) the consumers' incomes B) the price of the good C) the number of buyers D) the consumers' preferences E) the prices of other goods
For twenty years, Jim was a customer service representation at a call center in Minnesota. In order to save money, his firm moved the call center to India and laid off Jim two years ago. Jim has been unable to find a similar job anywhere
Jim's unemployment is best classified as A) cyclical. B) competitive. C) structural. D) frictional. E) transported.