If the wage is kept above the equilibrium level for any reason, the result is unemployment
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Periodic fluctuations in GDP are called business cycles
a. True b. False
Economics
Which of the following is most likely to lead to demand-side inflation?
a. an increase in government spending b. a decrease in taxes c. an increase in the money supply d. All of the above are correct.
Economics