This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The inflation associated with the oil embargoes of the 1970s resulted in: a. reduced unemployment ... (Read 66 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
The inflation associated with the oil embargoes of the 1970s resulted in:
 a. reduced unemployment because aggregate demand increased.
  b. reduced unemployment because aggregate demand fell.
 c. increased unemployment because aggregate demand increased.
  d. increased unemployment because aggregate demand fell.
 e. increased unemployment because aggregate supply fell.

Question 2

The inflation associated with the oil embargoes of the 1970s illustrated the _____ of the downward-sloping Phillips curve in the long run, as unemployment _____ during this period.
 a. validity; fell
 b. validity; rose
 c. fallacy; rose
 d. fallacy; fell
 e. fallacy; did not change


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

c


bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

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.

Rapid population growth of geese has resulted in extensive areas of La Perouse Bay becoming d Rapid population growth of geese has resulted in extensive areas of La Perouse Bay becoming d
Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S
The use of antispasmodics, which block release of Ach or calcium, can result in reduced pain as well ... The use of antispasmodics, which block release of Ach or calcium, can result in reduced pain as well ...
The air pressure going to the nozzle should be reduced to 30 psi or less to help prevent personal ... The air pressure going to the nozzle should be reduced to 30 psi or less to help prevent personal ...
Vehicles equipped with onboard refueling vapor recovery usually have a reduced-size fill tube. Vehicles equipped with onboard refueling vapor recovery usually have a reduced-size fill tube.
Water shortages, reduced agricultural capacity & coastal inundation are common themes Water shortages, reduced agricultural capacity & coastal inundation are common themes
Video: Osteoporosis

For a complete list of videos, visit our video library