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 31 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
Wow, this really help

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Red-bellied short-necked turtle Red-bellied short-necked turtle
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Should School Meals Align with the Dietary Guidelines for Americans? Should School Meals Align with the Dietary Guidelines for Americans?
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
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library