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Author Question: A Phillips curve shows the relationship between the inflation rate and the: a. wage rate. b. ... (Read 115 times)

tuffie

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A Phillips curve shows the relationship between the inflation rate and the:
 a. wage rate.
  b. unemployment rate.
  c. real GDP growth rate.
  d. population growth rate.

Question 2

Union contracts with built-in cost-of-living adjustments and home mortgages that vary with the rate of inflation are:
 a. inappropriate ways of combating inflation.
  b. examples of bracket creep.
  c. means of implementing fiscal policy.
  d. steps that can be taken to decrease the adverse impacts of inflation.
  e. examples of failed discarded policies of the 1970s.



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isabelt_18

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Answer to Question 1

b

Answer to Question 2

d





 

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