« previous next »

Author Question: Some economists believe that in the long run, the unemployment rate is independent of the inflation ... (Read 10 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
Some economists believe that in the long run, the unemployment rate is independent of the inflation rate and so the Phillips curve becomes a vertical line.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The long-run Phillips curve suggests that changing the rate of unemployment in the economy has no impact on the inflation rate.
 a. True
  b. False
  Indicate whether the statement is true or false


lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Types of Long-Term Memories Types of Long-Term Memories
Independent assortment for two traits in humans follows the same pattern of inheritance as traits in Independent assortment for two traits in humans follows the same pattern of inheritance as traits in
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library