This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off ... (Read 35 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off suggested by the Philips curve of the 1960s. This realization led to more stable macroeconomic policy, which in turn contributed to:
 a. more volatility in real output.
  b. less volatility in real output.
  c. complete removal of unemployment.
  d. more volatility in the price level.
  e. short business cycles.

Question 2

Price elasticity of demand is defined as:
 a. the slope of the demand curve.
 b. the slope of the demand curve divided by the price.
 c. the percentage change in price divided by the percentage change in quantity demanded.
  d. the percentage change in quantity demanded divided by the percentage change in price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Gracias!

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®. Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®.
Global Links: African Slave Trade Global Links: African Slave Trade
Herbivores exploit plants Herbivores exploit plants
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Video: Neuron Structure Animation

For a complete list of videos, visit our video library