Author Question: In the long run, there is A) a tradeoff between unemployment and inflation. B) a tradeoff ... (Read 42 times)

hubes95 · **on:** Jun 29, 2018

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.