Suppose Each of the Following Rows Represents the Choice Faced

question 87

Multiple Choice

Suppose each of the following rows represents the choice faced by policy makers given the current set of U.S. institutions and technology. What is the opportunity cost of reducing unemployment from 8 percent to 4 percent? $\begin{array}{|c|c|} \hline \text { Unemployment}&\text {Inflation}\\\hline 10 & 3 \\\hline 8 & 4 \\\hline 6 & 5 \\\hline 5 & 7 \\\hline 4 & 10 \\\hline\end{array}$

• A) 4 percentage points of unemployment
• B) 6 percentage points of unemployment
• C) 6 percentage points of inflation
• D) 4 percentage points of inflation

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Definitions:

Respond

To reply or react to a message, situation, or stimulus.

Praise

Expression of approval, commendation, or admiration directed towards someone for their actions or achievements.

Positive Behavior

Actions that contribute to the well-being of oneself and others, promoting a positive and constructive environment.

State of Flow

A mental state where a person is fully immersed and engaged in an activity, experiencing enjoyment and focus.