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Author Question: The Phillips curve relates the inflation rate to the: a. unemployment rate. b. GDP. c. disposable ... (Read 88 times)

colton

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  • Posts: 627
on: Jun 30, 2018
The Phillips curve relates the inflation rate to the:
 a. unemployment rate.
  b. GDP.
  c. disposable personal income.
  d. interest rate.

Question 2

Which of the following correctly defines inflation?
 a. An increase in the price of a particular good or service.
  b. An increase in the general (average) price level of goods and services in the economy.
  c. The growth rate in real GDP.
  d. None of the above.


stallen

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  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


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