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Author Question: According to the short-run Phillips curve, if unemployment is 2.4 and inflation is 3.7, a decrease ... (Read 58 times)

theo

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on: Jun 29, 2018
According to the short-run Phillips curve, if unemployment is 2.4 and inflation is 3.7, a decrease in the inflation rate might result in which of the following?
 
  A) an increase in the unemployment rate to 3.4
  B) a decrease in the unemployment rate to 3.0
  C) a decrease in the demand for labor in the economy
  D) Both A and C are correct answers.

Question 2

The Bretton Woods exchange rate system was a
 
  A) fixed exchange rate system. B) floating exchange rate system.
  C) flexible exchange rate system. D) managed float exchange rate system.


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Awesome

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

D

Answer to Question 2

A


theo

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

elyse44

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Reply 3 on: Yesterday
Wow, this really help

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