If rational expectations are assumed, inflation can be reduced with no corresponding increase in unemployment
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Labor productivity is equal to the quantity of
A) real GDP. B) real GDP consumed by the total population in one hour. C) real GDP produced by one hour of labor. D) workers employed during one hour. E) workers who are gainfully employed.
Economics
A coupon bond that has no maturity date and no repayment of principal is called a
A) consol. B) cabinet. C) Treasury bill. D) Treasury note.
Economics