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Author Question: If the economy is producing at potential GDP, A) the Phillips curve must be positively sloped. ... (Read 55 times)

sarasara

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on: Jun 29, 2018
If the economy is producing at potential GDP,
 
  A) the Phillips curve must be positively sloped.
  B) unemployment is at its natural rate.
  C) inflation in the economy is at its natural rate.
  D) the short-run aggregate supply curve must be vertical.

Question 2

The opportunity cost of being unemployed tends to be the highest in which of the following countries?
 
  A) Canada B) France
  C) the United Kingdom D) the United States


jordangronback

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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