One Explanation That Economists Offer to Explain Why a Decline

question 21

Multiple Choice

One explanation that economists offer to explain why a decline in the unemployment rate can raise the rate of inflation is that

• A) firms will be put in a position of competing more intensely for scarce resources.
• B) people will pay higher prices because competition among suppliers intensifies.
• C) workers will focus more directly on protecting their jobs.
• D) firms will refuse to shift higher labour costs along to consumers for fear of losing their markets.

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Definitions:

Apical Pulse

The heart rate as measured at the apex of the heart, typically used to assess cardiac function.

Digoxin

A medication used to treat various heart conditions, notably heart failure and atrial fibrillation, by increasing heart contractility.

Pressure Dressing

A tightly applied bandage used to control bleeding and prevent swelling in a wound area.

Cardiac Catheterization

A medical procedure used to diagnose and treat some heart conditions by inserting a thin, flexible tube through a blood vessel to the heart.