Inflation:
a. Never hurts the economy.
b. Only hurts the economy as a whole when it is not expected.
c. Never redistributes income and wealth.
d. Hurts the economy when incentives are affected.
.D
Economics
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Scarcity:
a. ensures that people become satisfied with less than what they want. b. exists only during a recession. c. exists only in some countries. d. affects only poor people. e. requires people to make choices to satisfy their wants.
Economics
Unemployment is a:
A. leading indicator, because the business cycle follows it. B. lagging indicator, because the business cycle follows it. C. leading indicator, because it follows the business cycle. D. lagging indicator, because it follows the business cycle.
Economics