Author Question: Which of the following is true? a. Inflation and unemployment rates can both decrease in the short ... (Read 63 times)

K@ · **on:** Jun 30, 2018

Which of the following is true?
a. Inflation and unemployment rates can both decrease in the short run in response to negative supply shocks.
b. Inflation and unemployment rates cannot both increase or both decrease in the short run in response to changes in aggregate demand.
c. Inflation and unemployment rates can both increase in the short run in response to positive supply shocks.
d. All of the above are true.

Question 2

Statistics show that countries with the lowest rates of economic growth have a strong outward-oriented development strategy.
a. True
b. False
Indicate whether the statement is true or false