Engineers lawyer’s investment bankers’ top CEOs entertainers and so on are described as__________?
Economic policies do not work as well as they should because of obstacles posed by__________?
During and after a depression the government can use fiscal policy through its powers of__________?
A demand-side theory that focuses on the role of money to finance aggregate demand is termed__________?
The Keynesian revolution acknowledged__________ ?
One of the functions of public policy is to__________?
In economic growth it is important to consider__________?
A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is__________?
Income distribution according to productive contribution is__________?
Congestion pollution urban decay and similar side effects of the market system are termed__________?
The public sector__________?
“Laissez-faire” is a policy that appeals to__________?
Participant observation__________?
The main function of organized labor is to__________?
A professional trained in a narrow abstract field is a__________?
Capitalisms roots can be found in__________?
The price system__________?
The more consumers are willing to pay for a product__________?
NAFTA binds which three countries into a single commercial entity ?
The condition of an increase in prices NOT triggered by an increase in demand is called__________?
The marginal productivity of labor__________?
Which of the following is NOT a predominant goal of American society ?
Income received by firms that is not returned to households or other firms is called__________?
Income received by firms from sources other than households is called__________?
The behavior of an individual firm is part of__________?
The participants in a market economy cannot pursue their goals freely because they are affected by__________?
Inflation results when__________?
Which is NOT a socioeconomic goal __________?
When supply and demand are essentially equal the economy is said to be in__________?
Public government agencies are__________?
Professionalization means__________?
What kind of a system is the economic institution ?
The following factors are important in production__________?
Today most workers in the United States are employed in the__________?
When the American Cigar Co buys a pizza chain the process is called__________?
When a few powerful corporation dominate as industry the condition is called__________?
The Industrial Revolution shifted the emphasis in ownership from land to__________?
Socialism and communism both call for__________?
Consumer sovereignty means that__________?
A member of a Navajo tribe can graze his sheep on clan land but he cannot sell it Navajo land is what kind of property ?
The production possibilities frontier refers to__________?
Material objects found in nature are called__________?
In industrial societies consumption ?
Professionalization means__________?
What does one call property owned by the state in the name of the people ?
A society’s economic system is largely determined by its concept of__________?
Resources are defined as__________?
The primary function of the economy as a social institution is to__________?
Political activists__________?
If we add the numerical values of all our cases together and divide by the number of cases we get the__________?
The current transitional period in which there is uncertainty as to what will happen to political parties is termed ?

What is the Phillips curve ?

A. a reference to a government economist favoring high taxes
B. a special kind of screw driver that reflects the functioning of the economy
C. a graphic representation of conflict between full employment and inflation
D. a deflationary curve

Correct Answer: a graphic representation of conflict between full employment and inflation ✔

Last Updated: June 25, 2019