In the long run, the major cause of inflation is excessive government spending.
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Q101: Structural unemployment exists because
A) workers may not
Q102: If the efficiency wage theory holds,
A) only
Q103: In the 1960s and early 70s, economists
Q105: A Phillips phase of the inflation-unemployment relationship
Q107: If the efficiency wage theory holds,
A) wage
Q108: Structural unemployment is best reduced by
A) job
Q109: For a given labor force, an increase
Q110: The notion that there is a tradeoff
Q111: The efficiency-wage theory holds that the market
Q137: Efficiency wages cause unemployment because
A)firms pay wages
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