The novelty of Phillips' article was his finding of a ____ correlation between ____ and ____
a. positive; unemployment; the interest rate
b. negative; inflation; the exchange rate
c. negative; unemployment; inflation
d. positive; the rate of growth of the money supply; inflation
c
Economics
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If the firm's marginal cost is a constant $2 per unit, what price will it charge and how many units will it produce if it maximizes its profits?
a. $8 and 2 units b. $7 and 3 units c. $6 and 4 units d. $5 and 5 units
Economics
Capital formation is a key component of economic growth
a. True b. False Indicate whether the statement is true or false
Economics