Multiple Choice
Looking at the performance of the U.S.economy over the last five decades we realize that
A) whenever the inflation rate has decreased, the unemployment rate has also decreased
B) whenever the unemployment rate has increased, the inflation rate has decreased
C) unemployment and inflation are not necessarily inversely related
D) both inflation and unemployment have remained fairly stable over time
E) neither unemployment nor inflation has ever exceeded 10 percent
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The output gap shows the deviation of
Q3: Which of the following is FALSE in
Q4: Labor is fully employed when<br>A)everyone is working
Q5: Macroeconomics does NOT focus on<br>A)policies that affect
Q6: In the very short run, the level
Q7: If we look at inflation as measured
Q8: The position of the AS-curve depends on<br>A)fiscal
Q9: As the economy enters a boom we
Q10: Real GDP can grow over time because
Q11: Which of the following is NOT dealt