The Phillips Curve implies a trade-off between
A) investment and saving.
B) inflation and unemployment.
C) employment and income.
D) investment and government deficits.
B
Economics
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The figure above shows the market for private elementary school education in Chicago. There is no external cost of private elementary education. If the government does not intervene in this market, the equilibrium price of private education is
A) $12,000. B) $16,000. C) $20,000. D) $4,000. E) $6,000.
Economics
An electric power company uses block pricing for electricity sales. Block pricing is an example of
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) Block pricing is not a type of price discrimination.
Economics