The US Economic Data for the Last 50 Years Indicates That

question 84

Multiple Choice

The U.S. economic data for the last 50 years indicates that

• A) there is an inverse relationship between unemployment rate and inflation rate.
• B) there is a direct relationship between unemployment rate and inflation rate.
• C) during recessions the unemployment rate was always twice as high as the inflation rate.
• D) there has been no long-run relationship between unemployment and inflation rates.

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Definitions:

[H+]

Symbol denoting the concentration of hydrogen ions in a solution, indicative of its acidity.

HCl

Hydrochloric acid, a strong acid consisting of hydrogen and chlorine that is often used in industrial and laboratory settings.

K

The chemical symbol for potassium, a soft, silvery-white metal that is highly reactive with water.

[H+]

The concentration of hydrogen ions in a solution, which is a measure of the solution's acidity.