Author Question: In the short run, the downward slope to the Phillips curve is mainly due to: a. Differences between ... (Read 26 times)

swpotter12 · **on:** Jun 30, 2018

In the short run, the downward slope to the Phillips curve is mainly due to:
a. Differences between expected inflation and actual inflation.
b. Differences between actual and expected real GDP growth rates.
c. Differences between actual and expected sun spots.
d. Differences between actual and expected changes in productivity.
e. Differences between actual and expected nominal exchange rate changes.

Question 2

The exchange rate changed from 2.5/ to 2.0/ . Therefore:
a. The euro appreciated by 25 and the dollar depreciated by 20.
b. The euro depreciated by 25 and the dollar appreciated by 20.
c. The euro appreciated by 20 and the dollar depreciated by 25.
d. The euro depreciated by 20 and the dollar appreciated by 25.
e. The euro appreciated by 20 and the dollar depreciated by 20.