Over time, the percentage of total employment in services has ...

[dollx]

Over time, the percentage of total employment in services has ________ and in agriculture, employment has ________.
 
  A) increased; increased
  B) decreased; increased
  C) stayed about the same; decreased
  D) stayed about the same; increased
  E) increased; decreased

Question 2

If the short-run Phillips curve shifts rightward, what happens to the tradeoff between inflation and unemployment? If the short-run Phillips curve shifts leftward, what happens to the tradeoff between inflation and unemployment?
 
  What will be an ideal response?

[amandalm]

Answer to Question 1

E

Answer to Question 2

A rightward shift of the short-run Phillips curve worsens the tradeoff between inflation and unemployment. With the rightward shift, a given level of inflation is now associated with a higher unemployment rate, or stated another way, a given unemployment rate is now associated with a higher inflation rate. A leftward shift of the short-run Phillips curve improves the tradeoff between inflation and unemployment. With the leftward shift, a given level of inflation is now associated with a lower unemployment rate, or stated another way, a given unemployment rate is now associated with a lower inflation rate.

[dollx]

Excellent

[alvinum]

TYSM