Economist Alban William Phillips believed that:
a. the Fed should follow a policy rule because it does not know the lag structure.
b. the Fed should follow a policy rule to avoid monetary surprises.
c. there is an inverse relationship between inflation and unemployment.
d. private sector spending is inherently unstable.
e. government spending is inherently unstable.
Question 2
The immediate effects of a discretionary increase in government spending are represented by a:
a. rightward shift of the aggregate demand curve.
b. leftward shift of the aggregate demand curve.
c. rightward shift of the Phillips curve.
d. leftward shift of the Phillips curve.
e. movement along the Phillips curve.
Rule of Nines. A method for determining percentage of body burned. Each different colored section re
William Beebe
William Cameron Menzies, Storyboard for the burning-of-Atlanta scene from Gone with the Wind.
Rule of Nine for burns.
How to use L’Hospital’s Rule to find the limit of a function (Part 1)
Find the derivative using the product rule