Multiple Choice
The misery index is constructed by
A) adding the inflation rate and the unemployment rate
B) multiplying the inflation rate with the unemployment rate
C) dividing the inflation rate by the unemployment rate
D) adding the sacrifice ratio and the replacement rate
E) combining the sacrifice ratio with Okun's law
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Which of the following event(s) most likely
Q13: According to the Phillips curve relationship, if
Q14: The unemployment gap<br>A)always grows twice as fast
Q15: The upward-sloping AS-curve will shift eventually to
Q16: If we look at the sacrifice ratios
Q18: Which of the following is NOT true
Q19: In the AD-AS model with an upward-sloping
Q20: The efficiency wage theory of aggregate supply
Q21: A change in the misery index<br>A)may indicate
Q22: What sort of event could lead to