This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the Phillips curve? Explain the difference in movements along the Phillips curve and shifts ... (Read 133 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 30, 2018
What is the Phillips curve? Explain the difference in movements along the Phillips curve and shifts in the Phillips curve, and explain what can cause these movements and shifts.
 
  What will be an ideal response?

Question 2

The Beveridge curve shifted outward during what period?
 
  A) during the Great Depression.
  B) during the Great Moderation.
  C) after January 2008.
  D) between January 2000 and December 2007.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

The Phillips curve is a graph which shows the relationship between the unemployment rate and the inflation rate. Movements along the Phillips curve can be caused by demand shocks, where positive demand shocks cause the inflation rate to increase and the unemployment rate to decrease, and negative demand shocks cause the inflation rate to decrease and the unemployment rate to increase. Shifts in the Phillips curve are caused by changes in the expected inflation rate and by supply shocks. Negative supply shocks and increases in the expected inflation rate cause the Phillips curve to shift up, and positive supply shocks and decreases in the expected inflation rate cause the Phillips curve to shift down.

Answer to Question 2

C


big1devin

  • Hero Member
  • *****
  • Posts: 583
Reply #2 on: Jun 30, 2018
Thank you


ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

An Inverted U Curve An Inverted U Curve
Movements of the Body Movements of the Body
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Difference spectra of mitochondria Difference spectra of mitochondria
The Radioactive Decay Curve The Radioactive Decay Curve
Normal frequency distribution, characterized by a bell-shaped curve Normal frequency distribution, characterized by a bell-shaped curve
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library