The Phillips Curve is steeper at higher rates of inflation and lower levels of unemployment.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Investment diversion is considered an obstacle to economic growth because:
a. it would be better to increase the mortality rate of the country, and thus have a higher per capita real GDP.
b. investment in health care is highly appreciated by the international community.
c. capital infrastructure automatically eliminates population problems.
d. the investments in health care affect only the poorest, the least productive inhabitants of a country.
e. there is no way for a country to build its industries without an increase in investment on infrastructure.
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