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Author Question: The long-run Phillips curve: a. is horizontal. b. is the same as the short-run Phillips curve. c. ... (Read 40 times)

anshika

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on: Jun 30, 2018
The long-run Phillips curve:
 a. is horizontal.
  b. is the same as the short-run Phillips curve.
  c. displays a positive relationship rather than an inverse relationship.
  d. is exponential.
  e. is vertical.

Question 2

If the consumer price index (CPI) in Year 1 was 200 and the CPI in Year 2 was 215, the rate of inflation was:
 a. 215 percent.
  b. 15 percent.
  c. 5 percent.
  d. 7.5 percent.
  e. 8 percent.


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chereeb

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


anshika

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Reply 2 on: Jun 30, 2018
Wow, this really help

Jsherida

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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