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Author Question: In the long run, there is A) a tradeoff between unemployment and inflation. B) a tradeoff ... (Read 92 times)

hubes95

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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.


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jlaineee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


hubes95

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nguyenhoanhat

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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