« previous next »

Author Question: The long-run Phillips curve indicates that the consequences of trying to reduce unemployment below ... (Read 54 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
The long-run Phillips curve indicates that the consequences of trying to reduce unemployment below its natural rate would be:
 a. an ever-rising rate of unemployment.
  b. an inflation rate equal to zero.
  c. a very high uncontrollable rate of inflation.
  d. a very low rate of inflation.
  e. a natural rate of unemployment equal to zero.

Question 2

A nonbinding price floor i. causes a surplus. ii. causes a shortage. iii. is set at a price above the equilibrium price. iv. is set at a price below the equilibrium price.
 a. (iii) only
 b. (iv) only
 c. (i) and (iii) only
  d. (ii) and (iv) only


parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
The consequences of crossover in the inversion loop in paracentric inversion heterozygotes The consequences of crossover in the inversion loop in paracentric inversion heterozygotes
The age-of-onset curve for Huntington disease (HD) The age-of-onset curve for Huntington disease (HD)
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library