Author Question: On the modern Phillips curve, the beginning of a recession is shown by ________. A) an upward ... (Read 56 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
On the modern Phillips curve, the beginning of a recession is shown by ________.
 
  A) an upward movement along the Phillips curve to a higher inflation rate
  B) an upward shift of the Phillips curve leading to higher inflation rates for any unemployment rate
  C) a downward shift of the Phillips curve leading to lower inflation rates for any unemployment rate
  D) a downward movement along the Phillips curve to higher unemployment rates
  E) none of the above

Question 2

Asymmetric information means
 
  A) some market participants have more information than others.
  B) some news are more important than others.
  C) some market participants interpret news differently.
  D) the impact of news on economic outcomes depends on the context.



Awesome

  • Sr. Member
  • ****
  • Posts: 280
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

For a complete list of videos, visit our video library