The long-run Phillips curve shows the relationship between the inflation rate and the unemployment rate when the economy is
A) in expansion.
B) at full inflation.
C) away from potential GDP.
D) in recession.
E) at full employment.
E
Economics
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The Federal Reserve Open Market Committee allows representatives of the President and Congress to sit on its meetings
a. True b. False
Economics
The possible goods and services a consumer can afford to consume represents the:
A. consumer status. B. consumer behavior. C. consumer opportunities. D. consumer preferences.
Economics