Can an economy maintain high output growth, low unemployment, and low inflation at the the same time? Explain
What will be an ideal response?
It would be very hard to achieve the three objectives at the same time. High output growth leads to low unemployment, which is likely to put pressure on inflation.
Economics
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What is the correct definition of the short run?
What will be an ideal response?
Economics
At the Pampered Pet Salon the marginal products of the first, second, and third workers are 50, 36, and 25 dogs washed, respectively. The total product (number of dogs washed) of the three workers is
A. 50. B. 86. C. 107. D. 111.
Economics