This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off ... (Read 42 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off suggested by the Philips curve of the 1960s. This realization led to more stable macroeconomic policy, which in turn contributed to:
 a. more volatility in real output.
  b. less volatility in real output.
  c. complete removal of unemployment.
  d. more volatility in the price level.
  e. short business cycles.

Question 2

Price elasticity of demand is defined as:
 a. the slope of the demand curve.
 b. the slope of the demand curve divided by the price.
 c. the percentage change in price divided by the percentage change in quantity demanded.
  d. the percentage change in quantity demanded divided by the percentage change in price.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Wow, this really help

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Atlantic Slave Trade, 1451–1870 Atlantic Slave Trade, 1451–1870
Colonial Trade with England, 1700–1774 Colonial Trade with England, 1700–1774
Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®. Multigroove adjustable pliers are known by many names, including the trade name Channel Locks®.
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s
Growth of World Trade, 1870–2010 Growth of World Trade, 1870–2010
Video: Causes of Angina

For a complete list of videos, visit our video library