An increase in wages in the public sector is caused solely by increased labor productivity in that sector
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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According to Okun's Law, ________ tends to decline when the growth rate of real GDP is ________
A) inflation rate; low B) inflation rate; high C) unemployment rate; high D) unemployment; low
Economics
A free market can be defined as a market structure where all exchanges are voluntary, and prices are free to fluctuate. Does a perfectly competitive market qualify as a free market?
What will be an ideal response?
Economics