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Author Question: Refer to Figure 28-3. The shifts shown in the short-run and long-run Phillips curves between period ... (Read 38 times)

olgavictoria

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on: Jun 29, 2018
Refer to Figure 28-3. The shifts shown in the short-run and long-run Phillips curves between period 1 and period 2 could be explained by
 
  A) either an increase in expected inflation from 4.0 to 5.5 percent or an increase in the natural rate of unemployment from 5.5 to 6.8 percent.
  B) an increase in the expected inflation rate from 4.0 to 5.5 percent.
  C) an increase in the natural rate of unemployment from 5.5 to 6.8 percent.
  D) None of the above is correct.

Question 2

The demand for capital is similar to the demand for labor in that
 
  A) both are inelastic at high prices and elastic at low prices.
  B) both are derived demands.
  C) the marginal product of labor is derived from the marginal product of capital.
  D) the marginal revenue product curve for labor is the same as the marginal revenue product curve for capital.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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cegalasso

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgavictoria

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
:D TYSM

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