The U.S. economic data for the last 50 years indicates that
A) there is an inverse relationship between unemployment rate and inflation rate.
B) there is a direct relationship between unemployment rate and inflation rate.
C) during recessions the unemployment rate was always twice as high as the inflation rate.
D) there has been no long-run relationship between unemployment and inflation rates.
D
You might also like to view...
During the financial crisis of 2007-09, the prices of U.S. Treasury securities
A) rose and the price of corporate bonds declined. B) fell relative to the prices of corporate bonds. C) remained in the same relative position to the prices of corporate bonds. D) were frozen by order of the federal government.
A firm chooses vertical integration to reduce all of the following costs, EXCEPT:
a. the cost of investing in diversified assets. b. the cost of finding a trading partner. c. the cost of devising and enforcing an agreement. d. the cost of evaluating the other party's performance.