What does a vertical Phillips curve in the long run imply? a. In ...

[Mollykgkg]

What does a vertical Phillips curve in the long run imply?
 a. In the long run, the rate of unemployment will converge toward zero.
  b. Higher inflation does not permanently reduce the rate of unemployment.
  c. Higher inflation increases the rate of unemployment.
 d. Higher inflation lowers the rate of unemployment.

Question 2

Generally, there is a strong positive correlation between per capita GNP and other measures of human development.
 a. True
  b. False
  Indicate whether the statement is true or false

[kaylee05]

Answer to Question 1

b

Answer to Question 2

True

[Mollykgkg]

Excellent

[yeungji]

Thanks for the timely response, appreciate it