Moving along the short-run Phillips curve, a ________ unemployment rate can only be achieved by paying the cost of ________
A) lower; a lower inflation rate
B) lower; a lower price level
C) lower; a higher expected inflation rate
D) lower; a higher inflation rate
E) higher; a higher inflation rate
D
Economics
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If the amount of high-powered money were 100 and the bank reserve holding ratio was 0.25 then the maximum stock of deposits would be (assume that citizens prefer to keep 10% of their money as cash)
A) 100/0.25 times 1.1 which is 440. B) 100/0.35 which is approximately 286. C) 100/0.35 times 1.1 which is approximately 314. D) 100/0.10 which is 1000.
Economics
Monopoly rights give inventors and entrepreneurs incentives to innovate and create new products and services.
Answer the following statement true (T) or false (F)
Economics