Author Question: What is a structural relationship? A) a relationship that depends on the basic behavior of ... (Read 86 times)

serike · **on:** Jun 29, 2018

What is a structural relationship?

A) a relationship that depends on the basic behavior of consumers and firms and remains unchanged over long periods
B) any relationship that cannot be anticipated
C) a relationship that depends on the size of firm investments in capital such as buildings and other structures
D) a relationship between any two variables that is temporary

Question 2

According to the short-run Phillips curve, which of the following would result in low rates of unemployment?

A) a higher inflation rate B) weak increases in aggregate supply
C) a lower inflation rate D) weak increases in aggregate demand