One example of a Phillips Curve would be a A) positive ...

[cagreen833]

One example of a Phillips Curve would be a
 
  A) positive relationship between deviations from trend in real and nominal interest rates.
  B) negative relationship between deviations from trend in real and nominal interest rates.
  C) positive relationship between deviations from trend in the level of prices and the level of aggregate economic activity.
  D) negative relationship between deviations from trend in the level of prices and the level of aggregate economic activity.

Question 2

Demand for real money balances depends on ________.
 
  A) the price level
  B) the real interest rate
  C) the opportunity cost of holding money
  D) all of the above
  E) none of the above

[britb2u]

Answer to Question 1

C

Answer to Question 2

C

[cagreen833]

YES! Correct, THANKS for helping me on my review

[TheDev123]

Thanks for the timely response, appreciate it