When output rises, unemployment
a) remains unchanged.
b) falls.
c) rises by a small amount.
d) rises by a large amount.
Ans: b) falls.
Economics
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As a method of resource allocation, force
A) is not important. B) plays a crucial negative role. C) plays a crucial positive role. D) plays a crucial role for both good and ill.
Economics
The largest component of U.S. federal spending that contributes to the U.S. government budget deficit is
A) entitlements. B) military spending. C) interest expenses. D) salaries of government employees.
Economics