Question 5 (i) In general when unemployment falls we can expect ______________. A: inflation to rise B: inflation to fall C: inflation to remain constant D: no relationship between unemployment and inflation (ii) We face trade-offs in our daily life because of _______________. A: scarcity B: efficiency C: equality D: incentive
Question 5 (i) In general when unemployment falls we can expect ______________. A: inflation to rise B: inflation to fall C: inflation to remain constant D: no relationship between unemployment and inflation (ii) We face trade-offs in our daily life because of _______________. A: scarcity B: efficiency C: equality D: incentive
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section: Chapter Questions
Problem 6CQQ
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Question 5
(i) In general when
A: inflation to rise
B: inflation to fall
C: inflation to remain constant
D: no relationship between unemployment and inflation
(ii) We face trade-offs in our daily life because of _______________.
A: scarcity
B: efficiency
C: equality
D: incentive
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