If You See the Date of an Archaeological Site Expressed

question 82

Multiple Choice

If you see the date of an archaeological site expressed as "2000 BC," it can also be written:

• A) 2000 BCE
• B) 2000 BP
• C) -2000 AD
• D) 2000 years ago

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Definitions:

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Unemployment

A situation where individuals who are capable of working and are seeking work are unable to find employment.

Natural Rate of Unemployment

The level of unemployment that exists when the labor market is in equilibrium, including frictional and structural unemployment but not cyclical unemployment.

Long-run Phillips Curve

A graphical representation indicating that in the long-term, there is no trade-off between inflation and unemployment, implying that the curve is vertical.