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Author Question: If changes in inflation are higher than expected A) the short-run Phillips curve will be ... (Read 118 times)

KimWrice

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on: Jun 29, 2018
If changes in inflation are higher than expected
 
  A) the short-run Phillips curve will be negatively sloped.
  B) the short-run Phillips curve will be vertical.
  C) the short-run Phillips curve will be positively sloped, but not vertical.
  D) the long-run Phillips curve will be negatively sloped.

Question 2

If actual inflation is greater than expected inflation, what is the relationship between the actual real wage and the expected real wage?
 
  A) The actual real wage will be equal to the expected real wage.
  B) The actual real wage will be lower than the expected real wage.
  C) The actual real wage will be higher than the expected real wage.
  D) The relationship between the actual real wage and the expected real wage cannot be predicted.


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carlsona147

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


KimWrice

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kjohnson

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Reply 3 on: Yesterday
Wow, this really help

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