Which of the Following Issues Will Economists Likely Agree About

question 88

Multiple Choice

Which of the following issues will economists likely agree about?

• A)The long-run achievable target rate of unemployment
• B)Estimates of potential income
• C)The relationship between the level of economic activity and inflation
• D)Outside of some unemployment range, too much spending causes inflation and too little causes a recession

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Definitions:

Intermediate

An intermediate in chemistry is a transient species within a chemical reaction that is formed from the reactants and proceeds to form the final product.

Hybrid

Pertaining to the combination of two or more different breeds, types, or varieties, especially in reference to plants or animals.

Alkyl Halides

Organic compounds containing a halogen atom (F, Cl, Br, I) substituted for a hydrogen atom in an alkyl group.

Boiling Point

When a liquid's vapor pressure is equal to the surrounding atmospheric pressure, resulting in its conversion to vapor.