Author Question: The short-run Phillips curve is based on the assumption of: a. a direct relationship between the ... (Read 74 times)

lak · **on:** Jun 30, 2018

The short-run Phillips curve is based on the assumption of:
a. a direct relationship between the inflation rate and unemployment.
b. an inverse relationship between the inflation rate and unemployment.
c. no relationship between the inflation rate and unemployment.
d. a permanent trade-off between the inflation rate and unemployment.

Question 2

Entrepreneurs are more likely to develop among minority groups that have been blocked from traditional high-paying jobs.
a. True
b. False
Indicate whether the statement is true or false