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Author Question: Movements along the Phillips curve result in the: a. savings rate varying inversely with the ... (Read 58 times)

Jipu 123

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on: Jun 30, 2018
Movements along the Phillips curve result in the:
 a. savings rate varying inversely with the unemployment rate.
  b. inflation rate varying directly with the unemployment rate.
  c. inflation rate varying inversely with the unemployment rate.
  d. interest rate varying inversely with the unemployment rate.

Question 2

Inflation is an increase in:
 a. prices of all products in the economy.
  b. homes, autos and basic resources.
  c. the general price level of products.
  d. none of these.


Anna

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

c

Answer to Question 2

c


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