Cost-push inflation is caused by supply shocks like higher oil prices and poor weather conditions

If the short-run Phillips curve has a very flat slope, the

a. structural deficit will grow during inflation. b. structural deficit will fall during recession. c. inflation costs of reducing unemployment are relatively low. d. inflation costs of reducing unemployment are relatively high.

Among all countries in the world, the United States has the most income inequality

a. True b. False Indicate whether the statement is true or false