In the long run, there is A) a tradeoff between unemployment ...

[hubes95]

In the long run, there is
 
  A) a tradeoff between unemployment and inflation.
  B) a tradeoff between unemployment and natural unemployment.
  C) a tradeoff between unemployment and real GDP.
  D) no tradeoff between unemployment and inflation.
  E) no tradeoff between fiscal policy and monetary policy.

Question 2

The ability to produce a good at a lower opportunity cost than another producer is called
 
  A) absolute advantage.
  B) comparative advantage.
  C) specialization.
  D) protectionism.

[jlaineee]

Answer to Question 1

D

Answer to Question 2

B

[hubes95]

Thanks for the timely response, appreciate it

[ricroger]

Excellent