Author Question: Since the 1970s, the Phillips curve has: a. remained stable. b. moved in a clockwise direction. ... (Read 81 times)

haleyc112 · **on:** Jun 30, 2018

Since the 1970s, the Phillips curve has:
a. remained stable.
b. moved in a clockwise direction.
c. been unstable.
d. been used as a reliable model to guide public policy.

Question 2

Which of the following is true about inflation?
a. Inflation promotes social harmony by uniting people against the government.
b. Inflation is more damaging if it is anticipated.
c. Accurate anticipation of inflation is possible for everyone who is well informed about economic events.
d. Those who lend money at a rate below the rate of inflation suffer economic losses.
e. If people accurately anticipate inflation, their actions will prevent it.