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mithaprilla mithaprilla
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6 years ago
Inflation is measured by an increase in:
 a. homes, autos and basic resources.
  b. prices of all products in the economy.
  c. the consumer price index (CPI).
  d. none of these.

QUESTION 2

Supply-side policy suggests that if we _______ taxes of workers, the _________ labor will increase, causing equilibrium wages to ________.
 a. raise, supply of, decrease
  b. cut, supply of, increase
  c. raise, demand for, increase
  d. cut, supply of, decrease

QUESTION 3

On a Phillips curve diagram, a decrease in the rate of inflation, other things being equal, is represented by a(n):
 a. upward movement along the Phillips curve.
  b. downward movement along the Phillips curve.
  c. upward shift of the Phillips curve.
  d. downward shift of the Phillips curve.

QUESTION 4

In which of the following years was inflation in the United States the highest?
 a. 1960.
  b. 1970.
  c. 1980.
  d. 1990.
  e. 2007.

QUESTION 5

Unemployment compensation is an example of a(n):
 a. discretionary stabilizer.
  b. countercyclical stabilizer.
  c. procyclical stabilizer.
  d. seasonal stabilizer.
  e. automatic stabilizer.
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itsmealvinyitsmealviny
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6 years ago
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mithaprilla Author
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6 years ago
Smiling Face with Open Mouth that's the expression my face made when I got the notification email
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6 years ago
glad I put that smile on your face Happy Dummy
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