Monetarists argue that the long-run Phillips curve is negatively sloped
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The long-run rate of unemployment to which an economy always gravitates is the
A) normal rate of unemployment. B) natural rate of unemployment. C) neutral rate of unemployment. D) inflationary rate of unemployment.
Economics
Which of the following is an example of a variable cost to a typical firm?
a. labor b. mortgage payment on facility c. salary of the office assistant d. monthly mortgage premiums
Economics