The short-run Phillips curve is downward sloping but the long-run ...

[karen]

The short-run Phillips curve is downward sloping but the long-run is a vertical line.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When a country follows an inward-oriented strategy, it tends to produce:
 a. only tertiary goods.
  b. goods in which it has an absolute advantage.
  c. only labor-intensive goods.
  d. goods for which no export barriers exist.
  e. goods that replace foreign manufactured products.

[orangecrush]

Answer to Question 1

True

Answer to Question 2

e

[karen]

Correct answers!

[orangecrush]

Great! Please up vote