« previous next »

Author Question: One implication of the Phillips curve analysis is that: a. unemployment rates below the natural ... (Read 42 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?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

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?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Natural Products Natural Products
A latex agglutination reaction. This is an analysis for rheumatoid factor. Immunoglobulin is bound ... A latex agglutination reaction. This is an analysis for rheumatoid factor. Immunoglobulin is bound ...
Natural Healing Timeline Natural Healing Timeline
Object Oriented Systems Analysis and Design Object Oriented Systems Analysis and Design
Table - Correlation Analysis Table - Correlation Analysis
GENETIC ANALYSIS GENETIC ANALYSIS
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library