In terms of cash flows, a "balloon" mortgage resembles

The fast-food industry is generally considered to be a constant cost industry in regards to its use of labor as an input. Why? a. Few people prefer to work in the industry

b. Available labor is in short supply. c. Firms use a relatively small share of unskilled labor in most cities. d. The productivity of the workers is relatively low.

Moving from the late 1960s to 1970-1973,

a. inflation remained high while the unemployment rate was lower than in the late 1960s. b. inflation remained high while the unemployment rate was higher than in the late 1960s. c. inflation remained low while the unemployment rate was lower than in the late 1960s. d. inflation remained low while the unemployment rate was higher than in the late 1960s.