Author Question: The tradeoff exhibited by the short-run Phillips curve is A) higher price level with lower real ... (Read 75 times)

Frost2351 · **on:** Jun 29, 2018

The tradeoff exhibited by the short-run Phillips curve is

A) higher price level with lower real GDP.
B) lower inflation with lower unemployment.
C) changing inflation with constant unemployment.
D) higher inflation with higher unemployment.
E) higher unemployment with lower inflation.

Question 2

A decrease in households' disposable income ________ saving supply, and the supply of loanable funds curve ________.

A) increases; shifts rightward
B) decreases; shifts leftward
C) increases; shifts leftward
D) does not change; does not shift
E) decreases; shifts rightward