Soved6.00:54:0101234 5 67 89Unemployment rate (%)Refer to the above diagram for a specific economy. The shape of this curve suggests thatRate of inflation (%)7956 321 HelpSave &ExitSubnitWhich of the following statements is correct?Mutiple ChoiceBult-in stability works in halting inflation, but it cannot alleviate unemploymentBuilt-in stablity can be reled on to eliminate completely any fluctuation in economic activityBult-in stability overcorrectsfluctuations in economic activity, for example, it may change a small expansion into a recession,Built-in stability only partially offsets fluctuations in economic activity

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Soved
6.
00:54:01
01234 5 67 89
Unemployment rate (%)
Refer to the above diagram for a specific economy. The shape of this curve suggests that
Rate of inflation (%)
7956 321

Help
Save &Exit
Subnit
Which of the following statements is correct?
Mutiple Choice
Bult-in stability works in halting inflation, but it cannot alleviate unemployment
Built-in stablity can be reled on to eliminate completely any fluctuation in economic activity
Bult-in stability overcorrects
fluctuations in economic activity, for example, it may change a small expansion into a recession,
Built-in stability only partially offsets fluctuations in economic activity

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