Author Question: At lower rates of inflation and higher rates of unemployment, the slope of the Phillips curve is a. ... (Read 55 times)

jho37 · **on:** Jun 30, 2018

At lower rates of inflation and higher rates of unemployment, the slope of the Phillips curve is
a. very steep.
b. vertical.
c. horizontal.
d. less steep.

Question 2

The host country's balance-of-payments problem tends to worsen when foreign firms:
a. invest solely in capital-intensive industries.
b. repatriate their profits to the headquarters from the host country.
c. acquire the foreign operations in order to diversify corporate investment holdings.
d. refuse to share technological expertise with the host country.
e. export all products to other countries.