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

Author Question: According to the rational expectations school of thought in macroeconomics, the short-run Phillips ... (Read 30 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
According to the rational expectations school of thought in macroeconomics, the short-run Phillips curve is ________ in face of unanticipated changes in monetary policy.
 
  A) negatively sloped B) vertical C) positively sloped D) horizontal

Question 2

Under which circumstances could the marginal cost and average variable cost curves be one and the same?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

This would only be true if the marginal cost curve was constant. That would mean that total variable cost would change by the same amount with each additional unit of output produced.


soccerdreamer_17

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
Gracias!

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Secondary School Enrollment Worldwide Secondary School Enrollment Worldwide
Under what conditions can the transition to middle school be associated with declines in grades and ... Under what conditions can the transition to middle school be associated with declines in grades and ...
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
Macroeconomics Macroeconomics
Special Education: Contemporary Perspectives for School Professionals, 5th Edition Special Education: Contemporary Perspectives for School Professionals, 5th Edition
How the cortical reaction in a mouse egg is thought to prevent additional sperm from entering the eg How the cortical reaction in a mouse egg is thought to prevent additional sperm from entering the eg
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library