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Author Question: The Phillips curve shows a negative relationship between the: a. consumption rate and the ... (Read 58 times)

ARLKQ

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on: Jun 30, 2018
The Phillips curve shows a negative relationship between the:
 a. consumption rate and the unemployment rate.
  b. savings rate and the inflation rate.
  c. interest rate and the savings rate.
  d. inflation rate and the unemployment

Question 2

Inflation:
 a. reduces the cost-of-living of the typical worker.
  b. is measured by changes in the cost of a typical market basket of goods between time periods.
  c. causes the purchasing power of a dollar to rise.
  d. has no effect on real income.


johnpizzaz

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

d

Answer to Question 2

b


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