Author Question: Suppose that the economy experiences an increase in the inflation rate at the same time that the ... (Read 59 times)

Anajune7 · **on:** Jun 30, 2018

Suppose that the economy experiences an increase in the inflation rate at the same time that the unemployment rate decreases. This situation indicates a:
a. shift in the Phillips curve.
b. movement along a vertical Phillips curve.
c. movement along a horizontal Phillips curve.
d. movement along a positively-sloped Phillips curve.
e. movement along a negatively-sloped Phillips curve.

Question 2

Losers from inflation include:
a. savers and borrowers.
b. landlords and the government.
c. borrowers and the government.
d. those on a fixed income and borrowers.
e. those on a fixed income and savers.