Author Question: The long-run Phillips curve is consistent with a. a negative relationship between unemployment ... (Read 58 times)

danielfitts88 · **on:** Jun 30, 2018

The long-run Phillips curve is consistent with

a. a negative relationship between unemployment and the rate of expected inflation.
b. the expected real wage being equal to the actual real wage.
c. the actual price level being equal to the expected price level.
d. no relationship between inflation and unemployment.
e. all of the above except a.

Question 2

Between the end of the Civil War and the beginning of World War I, the U.S. economy was not able to effectively absorb the millions of immigrants it received.

Indicate whether the statement is true or false