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Author Question: The Long-Run Phillips Curve is vertical, suggesting that ________. A) allowing inflation to rise ... (Read 15 times)

NguyenJ

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on: Jun 30, 2018
The Long-Run Phillips Curve is vertical, suggesting that ________.
 
  A) allowing inflation to rise will not succeed in keeping unemployment low
  B) changes in unemployment have no lasting impact on inflation
  C) shifts of the short-run Phillips curve impact inflation, but have no effect on unemployment
  D) all of the above
  E) none of the above

Question 2

A good is inferior for a consumer if
 
  A) it is never included in his or her consumption bundle.
  B) its consumption rises when income rises.
  C) its consumption falls when income rises.
  D) some minimal level of the good must be consumed to assure the consumer's survival.


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DHRUVSHAH

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


NguyenJ

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Excellent

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