If the Phillips curve represents a ________ relationship, then the trade-off between unemployment and inflation is permanent.
A) cyclical B) structural C) frictional D) dynamic
Question 2
All other factors held constant, increased growth in aggregate demand will
A) reduce unemployment.
B) move the economy to a higher point on the short-run Phillips curve.
C) increase inflation.
D) All of the above are correct.
Question 3
Robert Shiller posed the following question to workers: Imagine that next year the inflation rate unexpectedly doubles.
How long would it probably take, in these times, before your income is increased enough so that you can afford the same things as you do today? Shiller found that ________ percent of the workers he interviewed reported that it would take several years to restore the purchasing power of their wages or that this power would never be restored.
A) 25 B) 42 C) 64 D) 81
Relationship between fruit radius and beak length in populations of native and introduced species of
Unemployment and Federal Action, 1929–1941
A Receiver-Operating-Characteristic (ROC) Curve
Hockey stick” curve
The Radioactive Decay Curve
Relationship of Sun Angle and Solar Radiation