The traditional Phillips Curve suggests a trade-off between:
A. price stability and income equality.
B. the level of unemployment and inflation.
C. unemployment and income equality.
D. economic growth and full employment.
B. the level of unemployment and inflation.
Economics
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The aggregate demand curve shows that, if other factors are held constant
A) higher price levels will result in higher total planned spending. B) higher price levels will result in lower total planned spending. C) lower price levels will result in inflationary conditions. D) higher price levels will result in lower interest rates.
Economics
The processes a firm uses to turn inputs into outputs of goods and services is called
A) technology. B) technological change. C) marginal analysis. D) positive economic analysis.
Economics