« previous next »

Author Question: The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn ... (Read 84 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?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Early divisions in the animal phylogeny. Early divisions in the animal phylogeny.
The early hominin evolution The early hominin evolution
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
Unemployment and Federal Action, 1929–1941 Unemployment and Federal Action, 1929–1941
Classic Supply - Demand Curve Classic Supply - Demand Curve
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library