Multiple Choice
Long-run inflation tends to
A) reduce employment, output, and consumption.
B) reduce consumption, but increase employment and output.
C) increase output and consumption, but reduce employment.
D) increase employment, but reduce output and consumption.
E) reduce output and employment, but increase consumption.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: What is produced and consumed in the
Q3: The two key business cycle events in
Q4: Business cycles in macroeconomics are<br>A) the increase
Q5: One important influence on the current account
Q6: In the long run,inflation is caused by<br>A)
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Q9: For the study of economic growth,it is
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