What happens to the Phillips curve when the expected rate of inflation rises?
A) The curve shifts to the left. B) The curve becomes horizontal.
C) The Phillips curve is unaffected. D) The curve shifts to the right.
Question 2
Trends in economic growth of South Korea have been significantly different from the trends in economic growth of North Korea. This is primarily because
A) North Korea has inclusive institutions while South Korea has extractive institutions.
B) quality of agricultural land is better in North Korea than in South Korea.
C) quality of agricultural land is better in South Korea than in North Korea.
D) South Korea has inclusive institutions while North Korea has extractive institutions.
Exercise increases the heart rate.
Bell Curve Joke
Frequency distribution curve: interpatient variability in drug response.
Expected Distribution of IQ Scores
Typical bacterial population growth curve showing the initial lag phase
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.