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Author Question: Refer to Figure 17-5. Consider the Phillips curves shown in the above graph. We can conclude from ... (Read 249 times)

stevenposner

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on: Jun 29, 2018
Refer to Figure 17-5. Consider the Phillips curves shown in the above graph. We can conclude from this graph that
 
  A) the expected rate of inflation in this economy is 10 percent.
  B) ceteris paribus, a fall in the rate of inflation to 5 percent will increase unemployment to 7.5 percent in the short run.
  C) the natural rate of unemployment in this economy is 5.5 percent.
  D) All of the above are correct.

Question 2

List and define two types of capital income.
 
  What will be an ideal response?


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fdliggud

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

D

Answer to Question 2

(1.) Interest represents the payments made for the use of money.
(2.) Profit is the excess of revenues over cost in a given period.


stevenposner

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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