« previous next »

Author Question: The shape of the long-run Phillips curve suggests that over a long time horizon there is a magnified ... (Read 78 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
The shape of the long-run Phillips curve suggests that over a long time horizon there is a magnified trade-off between the unemployment rate and inflation.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the demand for a good is perfectly inelastic, what will happen to the quantity demanded if there is a tiny increase in price?
 a. quantity demanded will increase proportionately
  b. quantity demanded will fall to zero
 c. quantity demanded will decrease proportionately
  d. quantity demanded will remain the same


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Nerves can transmit many signals at the same time Nerves can transmit many signals at the same time
The effect of a double bond on the shape of fatty acids The effect of a double bond on the shape of fatty acids
Time Time
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Deepwater Horizon Oil Spill Deepwater Horizon Oil Spill
Time-of-entry mapping Time-of-entry mapping
Video: Hydrogen bonds vs. Ionic bond

For a complete list of videos, visit our video library