Economists initially viewed the Phillips curve as a structural relationship, meaning that the relationship between the two measured variables
A) can change only slightly over time.
B) can change greatly over time.
C) will not change over time.
D) will change in the short run but not in the long run.
C
Economics
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According to the expenditure approach to measuring GDP, in the United States , the largest component of GDP is
A) net exports of goods and services. B) consumption expenditure. C) government expenditure on goods and services. D) investment. E) wages.
Economics
Marxists believe that poverty and income inequality arise fundamentally from
a. labor market discrimination b. unequal distribution of skills in the population c. unequal distribution of property d. too high a rate of population growth e. unequal access to education
Economics