A Policy Intended to Reduce Unemployment by Taking Advantage of a Tradeoff

question 149

Multiple Choice

A policy intended to reduce unemployment by taking advantage of a tradeoff between inflation and unemployment leads to

• A)both higher inflation and higher unemployment in the long run.
• B)higher inflation and no change in unemployment in the long run.
• C)the same inflation rate and lower unemployment in the long run.
• D)higher inflation and lower unemployment in the long run

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Definitions:

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Health Status

An individual's overall condition of the body and mind in terms of the presence or absence of illness, injury, or impairment.

African Americans

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa, including descendants of enslaved Africans brought to the US.

Median Income

A statistical measure that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount.