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

Author Question: The expression, IM, represents the value of imports in terms of A) foreign currency. B) domestic ... (Read 104 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
The expression, IM, represents the value of imports in terms of
 
  A) foreign currency.
  B) domestic currency.
  C) foreign goods.
  D) domestic goods.
  E) exports.

Question 2

Explain how the original Phillips curve differs from the expectations-augmented Phillips curve (or the modified, or accelerationist Phillips curve).
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfghjkl;

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

The original Phillips curve did not take into account the effects of changes in expected inflation on inflation. The expectations-augmented Phillips curve did allow for changes in expected inflation to affect actual inflation.


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Gracias!

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

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

U.S. oil imports U.S. oil imports
Common Combining Terms Common Combining Terms
How to use the laws of exponents to simplify an expression (Part 1) How to use the laws of exponents to simplify an expression (Part 1)
How to write a quadratic expression of a shaded area How to write a quadratic expression of a shaded area
Expression of Affection Expression of Affection
Gene Expression Control in a Fly Gene Expression Control in a Fly
Video: Acid-base imbalances - compensation of metabolic acidosis and alkalosis

For a complete list of videos, visit our video library