« previous next »

Author Question: Some economists believe that in the long run, the unemployment rate is independent of the inflation ... (Read 136 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
Some economists believe that in the long run, the unemployment rate is independent of the inflation rate and so the Phillips curve becomes a vertical line.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The long-run Phillips curve suggests that changing the rate of unemployment in the economy has no impact on the inflation rate.
 a. True
  b. False
  Indicate whether the statement is true or false


lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

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?

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

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Long-Term Potentiation Long-Term Potentiation
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
The rate of global emissions is rising rapidly, especially in India and China The rate of global emissions is rising rapidly, especially in India and China
A pipe that is 0.46 m long and open at both ends vibrates in the second overtone with a ... A pipe that is 0.46 m long and open at both ends vibrates in the second overtone with a ...
Long division of polynomials Long division of polynomials
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library