« previous next »

Author Question: One implication of the Phillips curve analysis is that: a. unemployment rates below the natural ... (Read 11 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
One implication of the Phillips curve analysis is that:
 a. unemployment rates below the natural rate are only possible in the long run.
 b. unemployment rates below the natural rate lead to falling rates of inflation in the long run.
 c. if inflationary expectations are accurate, the economy is on the short-run Phillips curve but not on the long-run Phillips curve.
  d. unemployment rates below the natural rate may be achieved only with rising inflation rates.
 e. the natural rate of unemployment is strictly a short-run phenomenon.

Question 2

The short-run Phillips curve is based upon labor contracts that reflect a given expected _____.
 a. price level
 b. unemployment level
  c. money supply
 d. aggregate demand
 e. unemployment rate


elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Sample communication analysis Sample communication analysis
U.S. Cancer Death Rates U.S. Cancer Death Rates
Reference points for posture analysis. Reference points for posture analysis.
Analysis of the dihybrid crosses Analysis of the dihybrid crosses
Histograms - Analysis and Data Histograms - Analysis and Data
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library