This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The inflation associated with the oil embargoes of the 1970s resulted in: a. reduced unemployment ... (Read 58 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
The inflation associated with the oil embargoes of the 1970s resulted in:
 a. reduced unemployment because aggregate demand increased.
  b. reduced unemployment because aggregate demand fell.
 c. increased unemployment because aggregate demand increased.
  d. increased unemployment because aggregate demand fell.
 e. increased unemployment because aggregate supply fell.

Question 2

The inflation associated with the oil embargoes of the 1970s illustrated the _____ of the downward-sloping Phillips curve in the long run, as unemployment _____ during this period.
 a. validity; fell
 b. validity; rose
 c. fallacy; rose
 d. fallacy; fell
 e. fallacy; did not change


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
:D TYSM

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
The use of antispasmodics, which block release of Ach or calcium, can result in reduced pain as well ... The use of antispasmodics, which block release of Ach or calcium, can result in reduced pain as well ...
Two areas of reduced cortical volume and one area of increased cortical volume observed in people ... Two areas of reduced cortical volume and one area of increased cortical volume observed in people ...
Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ... Ads from the public service campaign in the late 1960s and early 1970s that encouraged people to get ...
France has produced most of its energy from nuclear power since the oil crisis of the 1970s France has produced most of its energy from nuclear power since the oil crisis of the 1970s
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library