« previous next »

Author Question: The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn ... (Read 87 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 30, 2018
The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn for a period in which the main source of instability was aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Only long-run changes in output can be brought about by unexpected change in policy.
 a. True
  b. False
  Indicate whether the statement is true or false


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

leo leo

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jun 30, 2018
Thank you


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

The Light Curve of a Nova The Light Curve of a Nova
Structure of the Early Universe Structure of the Early Universe
By distancing themselves from the social reformers, early American sociologists ignored female ... By distancing themselves from the social reformers, early American sociologists ignored female ...
Raphael's mural, The School of Athens, depicts the early Greek philosophers engaged in ... Raphael's mural, The School of Athens, depicts the early Greek philosophers engaged in ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Early growth of corn (Zea mays), a typical monocot. Early growth of corn (Zea mays), a typical monocot.
Video: Allergic Rhinitis

For a complete list of videos, visit our video library