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 57 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
Thanks for the timely response, appreciate it

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

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.

Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Color mixtures of refracted light—additive process. Color mixtures of refracted light—additive process.
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Question Question
economic question economic question
Incomplete dominance shown in the flower color of snapdragons Incomplete dominance shown in the flower color of snapdragons
Video: Retina

For a complete list of videos, visit our video library