Author Question: In response to an increase in technology, we would expect a. both the short run and long run ... (Read 16 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
In response to an increase in technology, we would expect
 
  a. both the short run and long run Phillips curve to shift to the right.
  b. both the short run and long run Phillips curve to shift to the left.
  c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right.
  d. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right.
  e. none of the above.

Question 2

In Brinley Thomas' (1954) theory of the Atlantic Economy,
 
  (a) cotton exports to Europe drove the growth of the U.S. economy.
  (b) people and capital moved to the U.S. when U.S. economic growth was strong.
  (c) the peaks of the U.S. business cycle were closely aligned with that of European peaks.
  (d) all of the above are true.



Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

A

Answer to Question 2

(b)



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library