This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off ... (Read 33 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off suggested by the Philips curve of the 1960s. This realization led to more stable macroeconomic policy, which in turn contributed to:
 a. more volatility in real output.
  b. less volatility in real output.
  c. complete removal of unemployment.
  d. more volatility in the price level.
  e. short business cycles.

Question 2

Price elasticity of demand is defined as:
 a. the slope of the demand curve.
 b. the slope of the demand curve divided by the price.
 c. the percentage change in price divided by the percentage change in quantity demanded.
  d. the percentage change in quantity demanded divided by the percentage change in price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Ivory trade in East Africa during the 1880s and 1890s Ivory trade in East Africa during the 1880s and 1890s
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Transatlantic Slave Trade Transatlantic Slave Trade
Herbivores exploit plants Herbivores exploit plants
Growth of World Trade, 1870–2010 Growth of World Trade, 1870–2010
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Video: Pericarditis

For a complete list of videos, visit our video library