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

Author Question: Refer to Figure 17-5. Consider the Phillips curves shown in the above graph. We can conclude from ... (Read 208 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jun 29, 2018
Refer to Figure 17-5. Consider the Phillips curves shown in the above graph. We can conclude from this graph that
 
  A) the expected rate of inflation in this economy is 10 percent.
  B) ceteris paribus, a fall in the rate of inflation to 5 percent will increase unemployment to 7.5 percent in the short run.
  C) the natural rate of unemployment in this economy is 5.5 percent.
  D) All of the above are correct.

Question 2

List and define two types of capital income.
 
  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

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

(1.) Interest represents the payments made for the use of money.
(2.) Profit is the excess of revenues over cost in a given period.


stevenposner

  • Member
  • Posts: 608
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Salt marsh channels shown in cross section. Salt marsh channels shown in cross section.
Phases of the myocardial action potential. Ion movements during each phase are shown. Phases of the myocardial action potential. Ion movements during each phase are shown.
Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ... Rub the ears between your thumbs and index fingers. Follow the curves to rub the entire ear, ...
How to find the phase shift from a graph? How to find the phase shift from a graph?
(a) Graph for converting values to p values. (b) Table of values for selected values of df (a) Graph for converting values to p values. (b) Table of values for selected values of df
Graph Liters per Hour Graph Liters per Hour
Video: Blood Test Basics

For a complete list of videos, visit our video library