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Author Question: If actual inflation is greater than expected inflation A) the Phillips curve is a vertical line. ... (Read 76 times)

KimWrice

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on: Jun 29, 2018
If actual inflation is greater than expected inflation
 
  A) the Phillips curve is a vertical line. B) real wages fall.
  C) real wages rise. D) the unemployment rate rises.

Question 2

Employees at the hospital have negotiated a 3 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 5 percent over the next year, which of the following will occur?
 
  A) Real wages for hospital employees will fall. B) The increase in inflation is expected.
  C) Inflation will be 3 percent the following year. D) Unemployment of hospital employees will rise.


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Kimmy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


KimWrice

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Reply 2 on: Jun 29, 2018
Wow, this really help

amcvicar

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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