Incorporation of expectations into economic decision making and the economic experience of recent decades indicate that in the long run
a. inflation relates directly to unemployment.
b. inflation is inversely related to unemployment.
c. there is no trade-off between inflation and unemployment.
d. high unemployment is a primary cause of inflation.
C
Economics
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If the price of a product is above equilibrium, what forces it down?
What will be an ideal response?
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A change in quantity demanded
A) is a shift of the demand curve. B) is a movement along the demand curve. C) can be either a shift or a movement along the demand curve. D) is caused when there is a change in a ceteris paribus factor.
Economics