The origin of the idea of a trade-off between inflation and unemployment was a 1958 article by

A) A.W. Phillips.
B) Edmund Phelps.
C) Milton Friedman.
D) Robert Gordon.

A

Economics

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The main difference between stabilization policies and structural reform policies is that stabilization policies

A) focus on microeconomic issues and structural reform policies focus on the macroeconomic environment. B) focus on macroeconomic issues and structural reform policies focus on the microeconomic environment. C) are rarely used by reform governments; they prefer to use structural reform policies in their place. D) have smaller economic impacts than structural reform policies. E) create less unemployment than structural reform policies.

Economics

Describe the relationship between marginal productivity and average productivity. Use calculus or a graph to support your answer

What will be an ideal response?

Economics