« previous next »

Author Question: If the economy is producing at potential GDP, A) the Phillips curve must be positively sloped. ... (Read 39 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jun 29, 2018
If the economy is producing at potential GDP,
 
  A) the Phillips curve must be positively sloped.
  B) unemployment is at its natural rate.
  C) inflation in the economy is at its natural rate.
  D) the short-run aggregate supply curve must be vertical.

Question 2

The opportunity cost of being unemployed tends to be the highest in which of the following countries?
 
  A) Canada B) France
  C) the United Kingdom D) the United States


jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
This wheel presentation is helpful for the detection of potential amphipathic helices This wheel presentation is helpful for the detection of potential amphipathic helices
The titration curve of acetic acid The titration curve of acetic acid
Membrane potential of a cell permeable to potassium only. Membrane potential of a cell permeable to potassium only.
The voltage-gated channel cycles during an action potential The voltage-gated channel cycles during an action potential
Potential gas reserves have increased significantly with the discovery of new shale gas formations Potential gas reserves have increased significantly with the discovery of new shale gas formations
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library