In 2010, dissenters were worried that the effects of policies to reduce unemployment would create the conditions for
A. higher long-term inflation.
B. a more horizontal Phillips curve.
C. higher long-term unemployment.
D. larger budget surpluses and, thus, higher interest rates.
Answer: A
Economics
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Refer to Figure 2-11. What is the opportunity cost of producing 1 bolt of cotton in Pakistan?
A) 3/8 of a pound of cashews B) 5/8 of a pound of cashews C) 1 3/5 pounds of cashews D) 150 pounds of cashews
Economics
If the price of butter increases 5 percent and the amount of margarine purchased increases 25 percent, then the cross-price elasticity of these goods is:
A. 0.2. B. 5. C. -0.2. D. -5.
Economics