The early Phillips curve showed a trade-off between unemployment ...

[leo leo]

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]

Answer to Question 1

True

Answer to Question 2

False

[leo leo]

Thank you

[akemokai]

No problemo