Author Question: According to the Phillips curve analysis, if policy makers reduce aggregate demand growth, they can ... (Read 68 times)

justinmsk · **on:** Jun 30, 2018

According to the Phillips curve analysis, if policy makers reduce aggregate demand growth, they can lower inflation, but only at the cost of a:
a. permanent increase in the natural rate of unemployment.
b. permanent increase in the actual unemployment rate.
c. temporary increase in unemployment.
d. temporary decrease in the natural level of unemployment.

Question 2

International trade financing is dominated by:
a. the U.S. Agency for International Development.
b. private export-import agencies.
c. the World Bank.
d. the IMF.
e. commercial bank syndicates.