Other Things the Same,a Country That Decides to Reduce Inflation

question 85

Multiple Choice

Other things the same,a country that decides to reduce inflation will

• A)have a higher unemployment rate in the short run and the long run.
• B)have a higher unemployment rate only in the long run.
• C)have a higher unemployment rate only in the short run.
• D)not have a higher unemployment rate in either the short run or the long run.

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Definitions:

British Government

The central government of the United Kingdom, comprised of the Executive (the Crown and its Ministers), the Legislature (Parliament), and the Judiciary.

Enlightenment Principles

Ideas rooted in the European Enlightenment, emphasizing reason, individualism, and a skepticism of traditional authority in favor of democracy, freedom, and equality.

Botanist

A scientist who specializes in plant biology and the study and classification of plant life.

Free Trade

An economic policy that allows imports and exports between countries with minimal or no barriers such as tariffs or quotas.