Author Question: The short-run Phillips curve will not shift unless there is A) an increase in inflation that is ... (Read 172 times)

urbanoutfitters · **on:** Jun 29, 2018

The short-run Phillips curve will not shift unless there is

A) an increase in inflation that is unanticipated. B) a decrease in inflation that is unanticipated.
C) a change in inflation expectations. D) an increase in the unemployment rate.

Question 2

All of the following are reasons why China is unlikely to maintain high enough rates of productivity growth to catch-up with the standard of living in the United States except

A) because of the low birth rate in China, the labor force will soon decline.
B) much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
C) the Chinese migration of rural workers to more productive urban jobs.
D) the United States invests more in research and development. than does China.