Data from the United States and the United Kingdom show that the short-run Phillips curve exhibits
A) positive slopes in both nations.
B) shifts that occur every five years or so.
C) a great deal of shifting.
D) stability with shifts occurring only when there is an internal change of government.
E) stability with shifts occurring only when external forces are strong.
Question 2
The interest rate banks charge each other on loans of reserves is called the
A) required reserve rate.
B) discount rate.
C) real interest rate.
D) coupon rate.
E) federal funds rate.
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