The short-run Phillips curve is based on the assumption of: a. a ...

[lak]

The short-run Phillips curve is based on the assumption of:
 a. a direct relationship between the inflation rate and unemployment.
  b. an inverse relationship between the inflation rate and unemployment.
  c. no relationship between the inflation rate and unemployment.
 d. a permanent trade-off between the inflation rate and unemployment.

Question 2

Entrepreneurs are more likely to develop among minority groups that have been blocked from traditional high-paying jobs.
 a. True
  b. False
  Indicate whether the statement is true or false

[karlss]

Answer to Question 1

b

Answer to Question 2

True

[lak]

Thanks for the timely response, appreciate it

[mohan]

Excellent