To graph a relationship among several variables, we hold all but ________ variable(s) constant and use the ________ assumption

Employment tends to be

A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.

Inflation is troublesome to consumers because of the following effects, except

A. Household incomes may be rising slower than the overall prices B. The purchasing power of people's savings would decrease C. Workers' wages may be rising faster than the overall price level D. The standard of living would fall if a household has a fixed nominal income