« previous next »

Author Question: One implication of the Phillips curve analysis is that: a. unemployment rates below the natural ... (Read 41 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Natural capital degradation Natural capital degradation
The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30% The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30%
U.S. Cancer Death Rates U.S. Cancer Death Rates
Selected Natural Products Selected Natural Products
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Principles of Natural Selection Principles of Natural Selection
Video: Brain Lobes Animation

For a complete list of videos, visit our video library