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

Author Question: The long-run Phillips curve is downward sloping. Is the previous statement correct or incorrect? ... (Read 38 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
The long-run Phillips curve is downward sloping. Is the previous statement correct or incorrect?
 
  What will be an ideal response?

Question 2

Explain the differences in people who are classified as unemployed, underemployed, and discouraged workers. Are these people included in the labor force?
 
  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

EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is incorrect because the long-run Phillips curve is vertical. The short-run Phillips curve is downward sloping.

Answer to Question 2

People who are classified as unemployed do not have a job but are currently available to work and are actively looking for a job. These people are included in the labor force.
People who are classified as underemployed have a job for which they are overqualified. Since these people are working, they are a part of the labor force.
People who are classified as discouraged workers have given up actively looking for work after an extended period of unemployment and are no longer included in the labor force.


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
Wow, this really help

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
Beaker with ibex, dogs, and long-necked birds, from southwest Iran. Beaker with ibex, dogs, and long-necked birds, from southwest Iran.
An impact screwdriver used to remove slotted or Phillips head fasteners that cannot be broken loose ... An impact screwdriver used to remove slotted or Phillips head fasteners that cannot be broken loose ...
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Normal frequency distribution, characterized by a bell-shaped curve Normal frequency distribution, characterized by a bell-shaped curve
Long noncoding RNAs mediate transcriptional activation Long noncoding RNAs mediate transcriptional activation
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library