Persistent high inflation combined with high unemployment in an economy is known as _____

Cross-price elasticity is used to determine whether goods are inferior or normal goods

a. True b. False Indicate whether the statement is true or false

David Ricardo, a nineteenth century economist, wrote “The price of corn is not high because a rent is paid, but a rent is paid because the price of corn is high.” Explain this statement in the context of supply and demand

What will be an ideal response?