Economists Generally Assume That There Is a Short-Run Trade-Off Between

question 21

Multiple Choice

Economists generally assume that there is a short-run trade-off between

• A)output and employment.
• B)inflation and employment.
• C)deflation and unemployment.
• D)inflation and unemployment.
• E)output and growth.

---

Definitions:

Critical Habitats

Areas identified as essential for the conservation of endangered or threatened species, requiring special management and protection.

COSEWIC

The Committee on the Status of Endangered Wildlife in Canada, a group that assesses and classifies the conservation status of wildlife species at risk of extinction.

Classified

Information, documents, or materials that have been officially designated as confidential and restricted in terms of access and distribution.

Threatened

A conservation status indicating that a species is likely to become endangered within the foreseeable future throughout all or a significant portion of its range.