During the ________ output tended to exceed its natural level and inflation ________

A) late 1980s, accelerated
B) 1990s, accelerated
C) 1960s and early 1970s, accelerated
D) early 1980s, decelerated

C

Economics

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The above figure shows a nation's production function. Point A is

A) the maximum amount of real GDP the nation can produce. B) the labor market equilibrium quantity of employment and real GDP. C) attainable if the economy is inefficient. D) attainable if the nation uses resources efficiently. E) unattainable given the state of the economy.

Economics

Voting against ones preferences in the initial round of a runoff election in order to prevent the selection of an undesirable alternative in the final round is called

A) ballot manipulation. B) strategic voting. C) naive voting. D) the voting paradox.

Economics