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Author Question: What does a vertical Phillips curve in the long run imply? a. In the long run, the rate of ... (Read 29 times)

Mollykgkg

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on: Jun 30, 2018
What does a vertical Phillips curve in the long run imply?
 a. In the long run, the rate of unemployment will converge toward zero.
  b. Higher inflation does not permanently reduce the rate of unemployment.
  c. Higher inflation increases the rate of unemployment.
 d. Higher inflation lowers the rate of unemployment.

Question 2

Generally, there is a strong positive correlation between per capita GNP and other measures of human development.
 a. True
  b. False
  Indicate whether the statement is true or false


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kaylee05

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


Mollykgkg

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

amcvicar

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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