Which of the following could increase unemployment and inflation simultaneously?

A) a decrease in the real wage
B) an increase in oil prices
C) expansionary monetary policy
D) contractionary monetary policy

B

Economics

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If the prices of goods begin to rise rapidly, people may find it difficult to maintain their lifestyles. Explain why

What will be an ideal response?

Economics

One unintended consequence of the various attempts to restrict farm acreage was that

A) output generally decreased, price increased, and farmers earned higher incomes. B) individual farmers intensified their efforts to harvest crops from the land still under cultivation. C) farmers' incomes remained constant in real terms. D) the land that was set aside became less productive.

Economics