If an Economy's Resources Are Fully Employed

question 25

Multiple Choice

If an economy's resources are fully employed,

• A)a great deal of unemployment will be needed to achieve even a small reduction in inflation.
• B)the aggregate supply curve (and thus the Phillips curve) will be flat.
• C)the aggregate supply curve (and thus the Phillips curve) will be steep.
• D)Both a and c are correct.

---

Definitions:

Information Hiding

Information hiding is a principle in object-oriented programming that involves restricting access to the internal representation of an object, exposing only what is necessary.

Book

A set of written, printed, or blank pages fastened along one side and encased between protective covers.

Finalizers

Special methods in Java that the garbage collector calls on an object when no more references to the object exist, to perform cleanup operations before the object is destroyed.

Illegal Statements

Code elements in programming that violate the syntax rules of the programming language and prevent the code from compiling.