Author Question: After the 1960s, the short-run Phillips curve based on U.S. economic data: a. began shifting ... (Read 62 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
After the 1960s, the short-run Phillips curve based on U.S. economic data:
 a. began shifting inward.
 b. began shifting outward.
 c. did not shift at all.
 d. became virtually horizontal.
  e. became virtually vertical.

Question 2

Current thinking on the Phillips curve suggests that it would be best for policy makers to:
 a. focus on controlling unemployment.
  b. stimulate permanent shifts in aggregate supply.
 c. focus on controlling inflation.
 d. stimulate permanent shifts in aggregate demand.
 e. develop a two-pronged policy to control both unemployment and inflation.



juicepod

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

b

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

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.

For a complete list of videos, visit our video library