Which of the following statements is correct?
a. In the short run, unemployment and inflation are positively related. In the long run they are largely unrelated problems.
b. Inflation and unemployment are positively related in the short run and in the long run.
c. In the short run, unemployment and inflation are negatively related. In the long run they are largely unrelated problems.
d. Inflation and unemployment are negatively related in the short run and in the long run.
c
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The purpose of commodity buffer stocks is
(a) to moderate price fluctuations. (b) to raise commodity prices. (c) to encourage commodity substitution. (d) to guarantee national security.
Part B of the Medicare program covers _____ and is _____
a. pharmaceuticals; voluntary b. pharmaceuticals; mandatory c. physician costs; voluntary d. physician costs; mandatory