If inflationary expectations are stable and there is no current ...

[jwb375]

If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at:
 a. a 0 percent unemployment rate.
 b. a 2 percent unemployment rate.
 c. a 4 percent unemployment rate.
 d. the natural rate of unemployment.

Question 2

Globalization can be defined as:
 a. the attitude or policy of placing the interests of the entire world above those of individual nations.
  b. viewing the entire world as a proper sphere for one nation to project political influence.
  c. a period in history that has witnessed a dramatic change in world political thought and the balance of power.
  d. an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals.
  e. a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.

[yifu223]

Answer to Question 1

d

Answer to Question 2

d

[jwb375]

TYSM

[mammy1697]

Excellent