In the United States, the Phillips curve is not stable in that
A) the intercept of the Phillips curve changes over time, but the slope does not change.
B) the intercept and slope of the observed Phillips curve change over time.
C) the slope of the Phillips curve changes, but its intercept does not change.
D) it changes from a curve to a circle.
Question 2
Which of the following is true in regards to Okun's law?
A) employment does not increase commensurately with output rises because firms tend to hoard labor
B) when demand increases, firms tend to work their employees harder and longer
C) it is Okun's prediction of the negative relationship between the output and unemployment gaps that allows the modern Phillips curve to be translated into the AS curve
D) all of the above
E) none of the above
The bobcat population has seen declines in the American Midwest, but is generally stable and healthy
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Lightning Casualties in the United States by Location or Activity
Approximately 40 percent of farmers in the United States are 55 years old or older
Total Fertility Rate in the United States, 1860–2008
Age structure for the United States