While you were an intern you bought 5 packages of hot dogs a month. After acquiring a full-time job with a considerably higher salary, you stopped purchasing hot dogs. For you, hot dogs are a

According to Okun's law, if output grew 7% and full-employment output rose 5%, what would be the change in the unemployment rate?

A) -4 percentage points B) -1 percentage point C) 1 percentage point D) 4 percentage points

Many countries in Latin America experienced raging _________________ during the years of the 1980s and early 1990s with inflation rates often well above 100% per year.

a. deflation b. hyperinflation c. growth d. stagnation