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Author Question: If the natural unemployment rate decreases, then the short-run Phillips curve ________ and the ... (Read 74 times)

karateprodigy

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on: Jun 29, 2018
If the natural unemployment rate decreases, then the short-run Phillips curve ________ and the long-run Phillips curve ________.
 
  A) does not shift; shifts leftward
  B) shifts leftward; shifts leftward
  C) shifts rightward; shifts rightward
  D) shifts leftward; does not shift
  E) shifts rightward; shifts leftward

Question 2

Refer to Figure 7.1. If Angus chooses to earn the most money and Dudley calls the police, Dudley will receive a daily payoff of
 
  A) 350.
  B) 550.
  C) 700.
  D) none of the above


ryrychapman11

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

B

Answer to Question 2

A


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