In a Minimum Cost Flow Problem, the Cost of the Flow

question 33

True/False

In a minimum cost flow problem, the cost of the flow through each arc is proportional to the amount of that flow.

---

Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Natural Rate

The long-term rate of an economic variable, such as unemployment or interest, that is not influenced by cyclical or short-term factors.

Long-Run Phillips Curve

A visual representation showing the relationship between inflation and unemployment rates, suggesting that in the long run, there is no trade-off between inflation and unemployment.

Money Supply

The sum total of financial assets available in an economy at a certain point in time.