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Author Question: Which economist(s) first identified an inverse relationship between inflation and unemployment? a. ... (Read 53 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
YES! Correct, THANKS for helping me on my review

frankwu0507

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

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