Author Question: Where does the short-run Phillips curve intersect the long-run Phillips curve? A) at the point ... (Read 123 times)

LCritchfi · **on:** Jun 29, 2018

Where does the short-run Phillips curve intersect the long-run Phillips curve?

A) at the point where actual inflation is equal to expected inflation
B) at the point where the rate of inflation and the unemployment rate are equal
C) at the natural rate of inflation
D) There is no intersection between the short-run and long-run Phillips curves.

Question 2

Refer to Figure 19-3. At what level should the Thai government peg its currency to the dollar to make Thai exports cheaper to the United States?

A) less than .03/baht B) equal to .03/baht
C) greater than .03/baht D) 1/baht