Author Question: Information and opportunity costs affected patterns of emigration to the U.S. Indicate whether ... (Read 45 times)

audragclark · **on:** Jun 30, 2018

Information and opportunity costs affected patterns of emigration to the U.S.

Indicate whether the statement is true or false

Question 2

The Keynesian model

a. assumes a stable, downward sloping Phillips curve in the short run.
b. implies a horizontal Phillips curve in the long run.
c. shows that the Phillips curve is can be downward or upward sloping in the short run.
d. differs from Friedman's analysis pertaining to the vertical long-run Phillips curve.