« previous next »

Author Question: The short-run Phillips curve portrays a(n): a. direct relationship between total employment and the ... (Read 22 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
The short-run Phillips curve portrays a(n):
 a. direct relationship between total employment and the inflation rate.
 b. inverse relationship between inflation and total employment.
 c. direct relationship between the unemployment rate and the inflation rate.
  d. inverse relationship between the unemployment rate and the inflation rate.
  e. inverse relationship between the price level and the unemployment rate.

Question 2

An increase in the expected inflation rate will:
 a. shift the short-run Phillips curve upward and to the right.
 b. shift the short-run Phillips curve downward and to the left.
 c. not shift the short-run Phillips curve unless the unemployment rate changes.
  d. cause the unemployment rate associated with each inflation rate to decrease.
  e. tend to increase production unless the actual inflation rate also increases.


kthug

  • Sr. Member
  • ****
  • Posts: 332
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?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Relationship between winter rainfall and chuckwalla, Sauromalus, size Relationship between winter rainfall and chuckwalla, Sauromalus, size
A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Bell Curve Joke Bell Curve Joke
The insulin receptor and its structural relationship to other transmembrane receptors with protein The insulin receptor and its structural relationship to other transmembrane receptors with protein
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library