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Author Question: Observations of inflation in the 1970s prompted what further addition to the Phillips curve? A) ... (Read 60 times)

Themember4

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on: Jun 30, 2018
Observations of inflation in the 1970s prompted what further addition to the Phillips curve?
 
  A) price shocks
  B) expected inflation
  C) personal consumption expenditures
  D) all of the above
  E) none of the above

Question 2

The major disadvantage of commodity money is that
 
  A) anybody can issue it and walk away.
  B) its value fluctuates with the scarcity of the commodity.
  C) it is subject to dollarization.
  D) the central bank cannot be prevented from issuing too much of it.


Kaytorgator

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

A

Answer to Question 2

B


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