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Author Question: Which economist(s) first identified an inverse relationship between inflation and unemployment? a. ... (Read 28 times)

CBme

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

b

Answer to Question 2

a


CBme

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Reply 2 on: Jun 30, 2018
Excellent

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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