Author Question: The slope of the short-run Phillips curve is consistent with: a. the long-run trade-off between the ... (Read 69 times)

asan beg · **on:** Jun 30, 2018

The slope of the short-run Phillips curve is consistent with:
a. the long-run trade-off between the unemployment rate and inflation.
b. the long-run trade-off between inflation and GDP.
c. the short-run trade-off between the money supply and interest rates.
d. the short-run trade-off between business productivity and wage contracts.
e. the short-run trade-off between the unemployment rate and inflation.

Question 2

If a nonbinding price ceiling is imposed on a market, then the
a. quantity sold in the market will decrease.
b. quantity sold in the market will stay the same.
c. price in the market will increase.
d. price in the market will decrease.