Question: Choose the most correct answer from the alternatives provided: i) There is an indirect relationship between equality and inefficiency. ii) Structural unemployment occurs when people
Choose the most correct answer from the alternatives provided:
i) There is an indirect relationship between equality and inefficiency.
ii) Structural unemployment occurs when people are between jobs.
iii) Full employment occurs where everyone who can work has a job.
iv) When prices increase less than they did in the past, economist describe this phenomenon as deflation.
v) When prices decrease, economists describe this phenomenon as deflation.
A. ii, iii & iv
B. ii, iv & v
C. i & iii
D. i,ii, iii & v
E. i, iii & v
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
