The short-run Phillips curve shifts when
A) the actual inflation rate changes and also when the expected inflation rate changes.
B) the inflation rate increases and also when the unemployment rate decreases.
C) the expected unemployment rate changes and also when the expected inflation rate changes.
D) the natural unemployment rate changes and also when the expected inflation rate changes.
E) the actual unemployment rate changes and also when the expected unemployment rate changes.
Question 2
In the late 1990s, the U.S. federal government had a budget surplus. If there is no Ricardo-Barro effect, the budget surplus ________ the real interest rate and ________ the equilibrium quantity of investment.
A) did not change; did not change
B) lowered; increased
C) raised; increased
D) raised; decreased
E) lowered; decreased
A sigmoid (cooperative) binding curve
Effects of Elevation on Heart Rate and Ventilation
Enzymes: Note the enzyme has the ending ase as in sucrase and the actual substrate is sucrose.
Sectoral Shifts
Effect of Increasing the Investment Rate on the Steady State
Typical bacterial population growth curve showing the initial lag phase