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Author Question: Which economist(s) first identified an inverse relationship between inflation and unemployment? a. ... (Read 42 times)

CBme

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Which economist(s) first identified an inverse relationship between inflation and unemployment?
 a. Robert Lucas and Thomas Sargent.
  b. W. Phillips.
  c. Robert Barro.
  d. Paul Samuelson.
  e. Arthur Laffer.

Question 2

If the quality of items improves over time, the CPI ________ inflation.
 a. overstates
 b. understates
 c. equals
 d. approximates



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Rilsmarie951

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Answer to Question 1

b

Answer to Question 2

a




CBme

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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