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Author Question: The long-run Phillips curve applies when the economy is at full employment, so the long-run Phillips ... (Read 47 times)

Zoey63294

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on: Jun 29, 2018
The long-run Phillips curve applies when the economy is at full employment, so the long-run Phillips curve is ________, which demonstrates that changes in the inflation rate ________ effect on unemployment.
 
  A) horizontal; have no
  B) an upward sloping straight line with a 45 degree slope; have an
  C) vertical; have no
  D) vertical; have an
  E) a downward sloping straight line with a 45 degree slope; have an

Question 2

In the short run, to decrease the interest rate, the Federal Reserve ________ the quantity of money by ________ government securities.
 
  A) decreases; buying
  B) increases; selling
  C) decreases; selling
  D) increases; buying
  E) None of the above answers is correct because in the short run, the Federal Reserve cannot change the interest rate.


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leahm14

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

C

Answer to Question 2

D


Zoey63294

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

at

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Reply 3 on: Yesterday
:D TYSM

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