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Qn26 17137 the tradeoff between inflation and

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QN=26 (17137)The tradeoff between inflation and unemploymenta.(i) implies that policies designed to reduce unemployment also reduce inflation.b.(ii) was eliminated by improved economic policies in the 1900s.c.(iii) is a long-run tradeoff, persisting for decades, according to most economists.d.None of (i), (ii), and (iii) are correct.
QN=27 (17124)Most economists believe that an increase in the quantity of money results in
QN=28(17125)The terms equality and efficiency are similar in that they both refer to benefits tosociety. However they are different in that
QN=29(17133)If Japan chooses to engage in trade, it
QN=30(17118)When society requires that firms reduce pollution, there isa.a tradeoff because of reduced incomes to the firms' owners and workers.b.a tradeoff only if some firms are forced to close.c.no tradeoff, since the cost of reducing pollution falls only on the firms affected by therequirements.d.no tradeoff, since everyone benefits from reduced pollution.

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