If government uses its stabilization policies to maintain full employment under conditions of cost-push inflation:
A. a deflationary spiral is likely to occur.
B. an inflationary spiral is likely to occur.
C. stagflation is likely to occur.
D. the Phillips Curve is likely to shift inward.
B. an inflationary spiral is likely to occur.
Economics
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The graph shows the labor market for apple pickers in Ohio. If the government sets a minimum wage of $5 an hour, ________ apple pickers are unemployed
A) 6,000 B) 8,000 C) 10,000 D) 14,000 E) more than 14,000
Economics
"When a person has an absolute advantage in producing a good, the person necessarily has a lower opportunity cost of producing it." Is this assertion correct or incorrect? Explain your answer
What will be an ideal response?
Economics