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Author Question: The slope of the short-run Phillips curve is consistent with: a. the long-run trade-off between the ... (Read 28 times)

asan beg

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on: Jun 30, 2018
The slope of the short-run Phillips curve is consistent with:
 a. the long-run trade-off between the unemployment rate and inflation.
  b. the long-run trade-off between inflation and GDP.
  c. the short-run trade-off between the money supply and interest rates.
  d. the short-run trade-off between business productivity and wage contracts.
  e. the short-run trade-off between the unemployment rate and inflation.

Question 2

If a nonbinding price ceiling is imposed on a market, then the
 a. quantity sold in the market will decrease.
 b. quantity sold in the market will stay the same.
  c. price in the market will increase.
 d. price in the market will decrease.


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stano32

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


asan beg

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

ghepp

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  • Posts: 361
Reply 3 on: Yesterday
Great answer, keep it coming :)

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