An increase in the inflation rate shifts the labor A) supply ...

[NClaborn]

An increase in the inflation rate shifts the labor
 
  A) supply curve to the right.
  B) supply curve to the left.
  C) demand curve to the right.
  D) demand curve to the left.

Question 2

As wages and prices become more flexible ________.
 
  A) wages becomes less responsive to unemployment deviations from the natural rate
  B) it becomes easier to differentiate the short-run from the long-run Phillips curve
  C) inflation becomes more responsive to unemployment deviations from the natural rate
  D) all of the above
  E) none of the above

[duy1981999]

Answer to Question 1

B

Answer to Question 2

C

[NClaborn]

Thank you

[duy1981999]

No problemo