This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Figure 17-5. Consider the Phillips curves shown in the above graph. We can conclude from ... (Read 209 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
Refer to Figure 17-5. Consider the Phillips curves shown in the above graph. We can conclude from this graph that
 
  A) the expected rate of inflation in this economy is 10 percent.
  B) ceteris paribus, a fall in the rate of inflation to 5 percent will increase unemployment to 7.5 percent in the short run.
  C) the natural rate of unemployment in this economy is 5.5 percent.
  D) All of the above are correct.

Question 2

List and define two types of capital income.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

(1.) Interest represents the payments made for the use of money.
(2.) Profit is the excess of revenues over cost in a given period.


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Identify the structures shown below by filling in the blanks. Identify the structures shown below by filling in the blanks.
Comparison of the titration curves of three weak acids Comparison of the titration curves of three weak acids
Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here. Dermatological changes with myxedema can occur behind the eyes or in the lower leg, as shown here.
Graph shows the living arrangements of Canadian seniors Graph shows the living arrangements of Canadian seniors
Look at the graph function shown belowPlea Look at the graph function shown belowPlea
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library