This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The short-run Phillips curve shows that: a. the economy can have low inflation and low unemployment ... (Read 45 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
The short-run Phillips curve shows that:
 a. the economy can have low inflation and low unemployment simultaneously.
 b. the economy can have high per-capita income and high interest rate simultaneously.
  c. a reduction in per-capita income comes at the expense of lower inflation.
 d. a reduction in unemployment comes at the expense of higher inflation.
 e. a reduction in inflation comes at the expense of lower exchange rate.

Question 2

Suppose the economy had been operating along a given short-run Phillips curve for several years and then experienced a year of stagflation. The year of stagflation would:
 a. be represented as a move upward along the short-run Phillips curve.
  b. be represented as a move downward along the short-run Phillips curve.
  c. be represented as a point above the short-run Phillips curve.
 d. be represented as a point below the short-run Phillips curve.
 e. correspond to the origin.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


magmichele12

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
Gracias!

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library