Unemployment that is of a short duration to allow time to find a new job is:

If people expect economic fluctuations to be permanent and caused primarily by supply-side shifts, then the result is likely to be a positive relationship between the inflation rate and the unemployment rate

a. True b. False Indicate whether the statement is true or false

Which of the following is not a major responsibility of the Fed?

A) supplying the economy with paper money B) providing check-clearing services C) supervising member banks D) serving as fiscal agent for the Treasury E) All of the above are major responsibilities of the Fed.