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Author Question: The short-run Phillips curve illustrates ________ relationship between the unemployment rate and the ... (Read 127 times)

pragya sharda

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on: Jun 29, 2018
The short-run Phillips curve illustrates ________ relationship between the unemployment rate and the inflation rate.
 
  A) a mixed
  B) an upside-down U-shaped
  C) a positive
  D) no
  E) a negative

Question 2

What effect does an increase in the MPC have on the slope of the AE curve?
 
  What will be an ideal response?


ttt030911

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

E

Answer to Question 2

An increase in the MPC increases the slope of the AE curve and thereby makes it steeper.


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pragya sharda

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Reply #2 on: Jun 29, 2018
Correct answers!


ttt030911

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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