Author Question: One implication of the Phillips curve analysis is that: a. unemployment rates below the natural ... (Read 37 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
One implication of the Phillips curve analysis is that:
 a. unemployment rates below the natural rate are only possible in the long run.
 b. unemployment rates below the natural rate lead to falling rates of inflation in the long run.
 c. if inflationary expectations are accurate, the economy is on the short-run Phillips curve but not on the long-run Phillips curve.
  d. unemployment rates below the natural rate may be achieved only with rising inflation rates.
 e. the natural rate of unemployment is strictly a short-run phenomenon.

Question 2

The short-run Phillips curve is based upon labor contracts that reflect a given expected _____.
 a. price level
 b. unemployment level
  c. money supply
 d. aggregate demand
 e. unemployment rate



elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library