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Author Question: If inflationary expectations are stable and there is no current inflation, the short-run Phillips ... (Read 73 times)

jwb375

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on: Jun 30, 2018
If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at:
 a. a 0 percent unemployment rate.
 b. a 2 percent unemployment rate.
 c. a 4 percent unemployment rate.
 d. the natural rate of unemployment.

Question 2

Globalization can be defined as:
 a. the attitude or policy of placing the interests of the entire world above those of individual nations.
  b. viewing the entire world as a proper sphere for one nation to project political influence.
  c. a period in history that has witnessed a dramatic change in world political thought and the balance of power.
  d. an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals.
  e. a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.


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yifu223

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


jwb375

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Reply 2 on: Jun 30, 2018
Gracias!

vickybb89

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Reply 3 on: Yesterday
Excellent

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