The typical relationship between inflation and unemployment is
A) unemployment changes do not directly lead to changes in inflation, but inflation changes may cause changes in unemployment.
B) as unemployment falls, inflation increases.
C) as unemployment falls, nothing happens to inflation.
D) as unemployment falls, inflation falls.
B
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Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed
in the textbook, we would expect that A) instructors at B will begin to be less nearly punctual for office hours than they were previously. B) instructors at A will begin to be more nearly punctual for office hours than they were previously. C) instructors at B will be more nearly punctual for office hours than they were previously. D) a and b E) b and c
What is the incentive problem in central planning?
Please provide the best answer for the statement.