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Author Question: The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn ... (Read 29 times)

leo leo

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on: Jun 30, 2018
The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn for a period in which the main source of instability was aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Only long-run changes in output can be brought about by unexpected change in policy.
 a. True
  b. False
  Indicate whether the statement is true or false


akemokai

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

True

Answer to Question 2

False


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leo leo

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Reply #2 on: Jun 30, 2018
Thank you


akemokai

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Reply #3 on: Jun 30, 2018
No problemo


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