Author Question: The long-run Phillips curve shows the relationship between the inflation rate and the unemployment ... (Read 41 times)

Frost2351

  • Hero Member
  • *****
  • Posts: 557
The long-run Phillips curve shows the relationship between the inflation rate and the unemployment rate when the economy is
 
  A) in expansion.
  B) at full inflation.
  C) away from potential GDP.
  D) in recession.
  E) at full employment.

Question 2

In the market for bank reserves, if the federal funds rate target is higher than the federal funds rate, the Fed will take action to ________ reserves.
 
  A) increase both the demand for and the supply of
  B) decrease the demand for
  C) decrease the supply of
  D) increase the demand for
  E) increase the supply of



ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

E

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

For a complete list of videos, visit our video library