If the favorable supply shocks of the 1990s were reversed in the future, we should expect a(n)
a. increase in inflation and unemployment.
b. decrease in inflation and unemployment.
c. increase in inflation and a decrease in unemployment.
d. decrease in inflation and an increase in unemployment.
a
Economics
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In the political market place, typical voters
A) support policies that they think will make the poor better off. B) fire bureaucrats who support efficient policies. C) are fully informed. D) are sometimes rationally ignorant about a policy.
Economics
The neoclassical model predicts that nations that are initially poor should have
A) slower growth rates than nations that are rich. B) faster growth rates than nations that are rich. C) growth rates equal to those of nations that are rich. D) negative growth rates.
Economics