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

Author Question: According to the short-run Phillips curve, if unemployment is 2.4 and inflation is 3.7, a decrease ... (Read 81 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jun 29, 2018
According to the short-run Phillips curve, if unemployment is 2.4 and inflation is 3.7, a decrease in the inflation rate might result in which of the following?
 
  A) an increase in the unemployment rate to 3.4
  B) a decrease in the unemployment rate to 3.0
  C) a decrease in the demand for labor in the economy
  D) Both A and C are correct answers.

Question 2

The Bretton Woods exchange rate system was a
 
  A) fixed exchange rate system. B) floating exchange rate system.
  C) flexible exchange rate system. D) managed float exchange rate system.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Awesome

  • Sr. Member
  • ****
  • Posts: 280
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


theo

  • Member
  • Posts: 698
Reply 2 on: Jun 29, 2018
:D TYSM

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

An Inverted U Curve An Inverted U Curve
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Phillip Phillips - Miles (Audio) Phillip Phillips - Miles (Audio)
United States, southwestern and southern states are suffer from a significant decrease in rainfall United States, southwestern and southern states are suffer from a significant decrease in rainfall
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The Kuznets Curve in England and Wales, 1823–1915 The Kuznets Curve in England and Wales, 1823–1915
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library