Managerial Economics

1:

Which of the following statement is correct?

A.

Inflation : An increase in the overall level of prices in the economy

B.

Productivity : The amount of goods and services produced from each hour of a worker's time

C.

Phillips curve : A curve that shows the short run trade off between inflation and unemployment

D.

All of the above

 

Answer : D

Explanation :

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Option: A

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