The costs of inflation are ?

Related Mcqs:

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

A. quickly B. slowly C. very infrequently D. instantly...

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A. inflation B. a supply shock C. crowding out D. inflation illusion...

The Phillips curve indicates that there is a ?

A. negative relationship between the inflation rate and labor demand B. positive relationship between labor supply and the inflation rate C. positive relationship between the inflation rate and the employment the D. negative relationship between the inflation rate and the unemployment rate...

The Phillips curve shows the trade-off between _____ and _____?

A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...

A person who is made redundant because of the contraction of an industry is a victim of ?

A. frictional unemployment B. demand-deficient unemployment C. classical unemployment D. structural unemployment...