1.Which of the following could result in simultaneous increases in unemployment and inflation?Which of the following could result in simultaneous increases in unemployment and inflation?

An increase in the overall level of productivity

A decrease in government spending

A decrease in the money supply

An increase in the expectations of future inflation

2.Consider the following table indicating the number of labor hours required in Countries T and J to produce one unit of clothing or one unit of food.

4. The following table shows the relationship between the number of workers and steel output (in metric tons per day). Number of workers Total output of steel 0 0 1 25 2 44 3 50 4 70 5 75 How many workers would the steel company hire ii the price of steel was priced at $5 per metric ton and the wage rate was $40 per day? 2 3 2. Consider the following table indicating the number of labor hours required in Countries T and J to produce one unit of clothing or one unit of food. Country Clothing Food T 50hours 30 hours J 30 hours 20 hours Which of the following statements is correct? J has a comparative advantage in both clothing and food production T has a comparative advantage in both clothing and food production J has a comparative advantage in clothing production, while T has a comparative advantage in food production 0 T has a comparative advantage in clothing production. while J has a comparative advantage in food production