The idea behind the Phillips curve is that ________.
A) tight labor markets lead to inflationary pressures
B) when the unemployment rate is low, wages will increase
C) when firms raise wages to attract new workers, prices will also increase
D) all of the above
E) none of the above
Question 2
Macroeconomists are interested in how consumers respond to changes in the market real interest rate because
A) interest rates are an important channel for the effects of monetary and fiscal policies.
B) substitution effects and income effects net out in the aggregate.
C) of the permanent income hypothesis.
D) future income affects current consumption.
Child Labor Rates and GDP Worldwide
The Railroads: Moving Agricultural Products to Eastern Markets, 1890
A Receiver-Operating-Characteristic (ROC) Curve
Overallocation of Labor to Sector 1
At what speed does Grogzetti need to take the curve to avoid sliding?
Oxidative stress can begin in childhood and lead to progressive damage throughout life