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

Author Question: Explain the Phillips curve. What will be an ideal response?[br][br][b][color=#FA1639]Question ... (Read 47 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
Explain the Phillips curve.
 
  What will be an ideal response?

Question 2

Explain Okun's Law.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sarahjh

  • Sr. Member
  • ****
  • Posts: 370
Reply #1 on: Jun 30, 2018
Answer to Question 1

It shows the negative relationship between inflation rate and unemployment rate. After 1970s, it was redefined as the relationship between the change in the rate of inflation and the unemployment rate.

Answer to Question 2

It shows the relationship between GDP growth and unemployment rate. If output growth is high, unemployment will decrease.


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

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 human body produces and destroys 15 million blood cells every second.

Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Gravitational Redshift The color of light from the same object located at diffe Gravitational Redshift The color of light from the same object located at diffe
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
Advertising Break-even Question Advertising Break-even Question
economic question economic question
Hypersensitive Response Hypersensitive Response
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library