« previous next »

Author Question: Dumping refers to countries exporting unwanted and inferior products to other countries. Indicate ... (Read 74 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
Dumping refers to countries exporting unwanted and inferior products to other countries.
 
  Indicate whether the statement is true or false

Question 2

Does the short-run Phillips curve have a positive or negative slope? Explain how this slope is derived.
 
  What will be an ideal response?


Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

The short-run Phillips curve has a negative slope, indicating that there is a trade-off between inflation and unemployment. When aggregate demand rises, inflation and real GDP both rise in the short run. As real GDP rises above potential GDP, unemployment begins to fall below its natural rate. The result is higher inflation and a lower rate of unemployment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
In countries where water can be contaminated, breastfeeding is an important option for the health of ... In countries where water can be contaminated, breastfeeding is an important option for the health of ...
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
Sex Hormone Products Sex Hormone Products
Forest products and the economic value Forest products and the economic value
Superior & inferior view of the tarsus (ankle) Superior & inferior view of the tarsus (ankle)
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library