Author Question: In the above figure, the axis break in the x-axis A) reflects the fact that for the years covered ... (Read 73 times)

Ebrown · **on:** Jun 29, 2018

In the above figure, the axis break in the x-axis

A) reflects the fact that for the years covered in the figure, the unemployment rate was never less than 3 percent.
B) shows that there is no relationship between inflation and unemployment.
C) misleadingly shows that inflation has changed very little even though the unemployment rate has increased a great deal.
D) implies that for the years covered in the figure, the inflation rate was always greater than 1 percent.

Question 2

Specialization is the result of:

A) hiring experienced workers.
B) paying higher wages to experienced workers.
C) workers developing a certain skill set.
D) increased demand for a firm's commodity.