The tradeoff for monetary policy represented by the Phillips ...

[washai]

The tradeoff for monetary policy represented by the Phillips curve is
 
  a. lower inflation for lower output.
  b. lower inflation for higher unemployment.
  c. lower inflation for higher employment.
  d. higher expected inflation for higher output.
  e. none of the above.

Question 2

From 1860 to 1910,
 
  (a) The total population grew faster than the workforce.
  (b) National income grew faster than did total population.
  (c) The workday increased.
  (d) Foreign investment in the U.S. dropped continuously.

[Melissahxx]

Answer to Question 1

B

Answer to Question 2

(b)