The inverse trade-off between inflation and unemployment is known ...

[kaid0807]

The inverse trade-off between inflation and unemployment is known as the:
 a. Laffer curve.
  b. aggregate supply curve.
  c. Phillips curve.
  d. aggregate demand curve.
  e. Keynesian curve.

Question 2

One way the consumer price index (CPI) differs from the GDP chain price index is that the CPI:
 a. uses current year quantities of goods and services.
  b. includes separate market baskets of goods and services for both base and current years.
  c. includes only goods and services bought by typical urban consumers.
  d. is bias free.

[dpost18]

Answer to Question 1

c

Answer to Question 2

c

[kaid0807]

Thanks for the timely response, appreciate it

[Alyson.hiatt@yahoo.com]

Gracias!