From 1990-2014, productivity growth in the United States was ________ the growth rates of other high-income countries.
A) greater than B) equal to
C) greater than for the first 15 years, then less than D) less than
Question 2
Refer to Figure 28-2. Suppose the Fed used expansionary policy to push short-run equilibrium to point B. If the short-run equilibrium remained at point B long enough
A) the short-run Phillips curve would shift down.
B) the short-run Phillips curve would shift up.
C) the economy would stay at point B in the long run.
D) the economy would move back to point A.
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