In a dynamic economy under ideal conditions: a. the unemployment ...

[anjilletteb]

In a dynamic economy under ideal conditions:
 a. the unemployment rate should be near zero.
  b. some unemployment would be present due to workers temporarily being out of work while changing jobs.
  c. unemployment would tend to move upward slightly as prices increased.
  d. unemployment would tend to move slightly downward as unemployment compensation benefits increased.

Question 2

Cost-push inflation is caused by supply shocks like higher oil prices and poor weather conditions.
 a. True
  b. False
  Indicate whether the statement is true or false

[mcinincha279]

Answer to Question 1

b

Answer to Question 2

True

[anjilletteb]

YES! Correct, THANKS for helping me on my review

[amandanbreshears]

Thanks for the timely response, appreciate it