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Author Question: In the 1980s, U.S. economists acknowledged that it was not possible to exploit the trade-off ... (Read 43 times)

justinmsk

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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.



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jesse.fleming

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Answer to Question 1

b

Answer to Question 2

d




justinmsk

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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