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

Author Question: If changes in inflation are higher than expected A) the short-run Phillips curve will be ... (Read 78 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If changes in inflation are higher than expected
 
  A) the short-run Phillips curve will be negatively sloped.
  B) the short-run Phillips curve will be vertical.
  C) the short-run Phillips curve will be positively sloped, but not vertical.
  D) the long-run Phillips curve will be negatively sloped.

Question 2

If actual inflation is greater than expected inflation, what is the relationship between the actual real wage and the expected real wage?
 
  A) The actual real wage will be equal to the expected real wage.
  B) The actual real wage will be lower than the expected real wage.
  C) The actual real wage will be higher than the expected real wage.
  D) The relationship between the actual real wage and the expected real wage cannot be predicted.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


KimWrice

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

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?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Monozygotic twins’ scores for five personality factors show higher correlations than scores for ... Monozygotic twins’ scores for five personality factors show higher correlations than scores for ...
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Suicide rates in Canada are more than three times higher for males than for females Suicide rates in Canada are more than three times higher for males than for females
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library