The Phillips curve represents an inverse relationship between the inflation rate and the ...

Author Question: The Phillips curve represents an inverse relationship between the inflation rate and the ... (Read 73 times)

D2AR0N

Hero Member
Posts: 561

on: Jun 30, 2018

The Phillips curve represents an inverse relationship between the inflation rate and the unemployment rate.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Cost-push inflation is due to:
a. too much money chasing too few goods.
b. the economy operating at full employment.
c. increases in production costs.
d. all of these.

Chou

Sr. Member
Posts: 335

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

c

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.