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

Author Question: Explain the Phillips curve. What will be an ideal response?[br][br][b][color=#FA1639]Question ... (Read 39 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
Explain the Phillips curve.
 
  What will be an ideal response?

Question 2

Explain Okun's Law.
 
  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

Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jun 30, 2018
Answer to Question 1

It shows the negative relationship between inflation rate and unemployment rate. After 1970s, it was redefined as the relationship between the change in the rate of inflation and the unemployment rate.

Answer to Question 2

It shows the relationship between GDP growth and unemployment rate. If output growth is high, unemployment will decrease.


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
Excellent

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

World map of the distribution of skin color. World map of the distribution of skin color.
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Question Question
Response of corn selected for high and low oil content over 76 generations Response of corn selected for high and low oil content over 76 generations
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
economic question economic question
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library