In a laissez-faire economy, the price system plays a key role in
a. selecting outputs.
b. selecting inputs.
c. distributing outputs.
d. All of the above are correct.
d
Economics
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Unemployment is referred to as a lagging indicator because
A) it tends to stay high for many months after output stops declining during a recession. B) reports on unemployment statistics tend to lag behind reports on inflation statistics. C) it takes time to collect information regarding unemployed individuals.. D) it indicates economic activities from the year before.
Economics
If an aid program is mandated at the federal level, all states must abide by federal law and pay the same amount of benefits.
Answer the following statement true (T) or false (F)
Economics