What happens to the Phillips curve when the expected rate of inflation rises?
A) The curve shifts to the left. B) The curve becomes horizontal.
C) The Phillips curve is unaffected. D) The curve shifts to the right.
Question 2
Trends in economic growth of South Korea have been significantly different from the trends in economic growth of North Korea. This is primarily because
A) North Korea has inclusive institutions while South Korea has extractive institutions.
B) quality of agricultural land is better in North Korea than in South Korea.
C) quality of agricultural land is better in South Korea than in North Korea.
D) South Korea has inclusive institutions while North Korea has extractive institutions.
The rate of facilitated diffusion
Marginal Supply - Demand Curve
An Environmental Kuznets Curve
Effect of Increasing the Investment Rate on the Steady State
Construct a Lorenz curve that shows income distribution in this society.
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).