Author Question: According to Figure 16.2 in your text, what is the relationship between unemployment and inflation? ... (Read 93 times)

crobinson2013 · **on:** Jul 10, 2018

According to Figure 16.2 in your text, what is the relationship between unemployment and inflation?

a. The inflation rate is always higher than unemployment.
b. The inflation rate always increases when unemployment increases.
c. The inflation rate never declines, regardless of the unemployment rate.
d. The unemployment rate is generally higher than the inflation rate.

Question 2

Why has federal spending generally increased over the years?

a. because Democrats in Congress will not cut the defense budget
b. because of uncontrollables like discretionary spending
c. because of uncontrollables like mandatory spending
d. because the income tax rate in the United States is too high