The curve showing the short-run relationship between the ________ ...

[jhjkgdfhk]

The curve showing the short-run relationship between the ________ and the ________ is called the Phillips curve.
 
  A) unemployment rate; inflation rate B) exchange rate; real interest rate
  C) price level; real GDP D) nominal interest rate; real interest rate

Question 2

Refer to Figure 24-2. Ceteris paribus, an increase in workers and firms adjusting to having previously underestimated the price level would be represented by a movement from
 
  A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.

[Andromeda18]

Answer to Question 1

A

Answer to Question 2

B

[jhjkgdfhk]

Thanks for the timely response, appreciate it

[recede]

Great answer, keep it coming