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 77 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
:D TYSM

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
These adolescents have just graduated and look forward to moving on from high school and adolesence These adolescents have just graduated and look forward to moving on from high school and adolesence
school is never ending school is never ending
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
Polar Bear Thought Suppression Polar Bear Thought Suppression
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: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library