Author Question: Which of the following groups believes that the economy can achieve full employment without ... (Read 49 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
Which of the following groups believes that the economy can achieve full employment without inflation through tax reductions, lower resource prices, and deregulation?
 a. Classical school.
  b. Keynesian school.
  c. Neo-Keynesian school.
  d. Rational expectations school.
  e. Supply-side school.

Question 2

The Phillips curve:
 a. was relatively well-defined during the 1960s.
  b. demonstrates how to achieve stable economic growth.
  c. shows the trade-off between deficits and inflation.
  d. helps to stimulate entrepreneurial profits.
  e. becomes vertical at full employment.



quynhmickitran

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

e

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

For a complete list of videos, visit our video library