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Author Question: In the early 1960s, the discovery of the Phillips curve relationship caused economists and policy ... (Read 82 times)

vicotolentino

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on: Jun 30, 2018
In the early 1960s, the discovery of the Phillips curve relationship caused economists and policy makers to think that they understood the trade-offs between:
 a. aggregate supply and aggregate demand.
  b. interest rate and investment.
 c. inflation and unemployment.
 d. monetary and fiscal policy.
 e. rule-making and discretionary policy.

Question 2

The initial Phillips curve relationship implied that the opportunity cost of _____ was higher _____.
 a. reducing unemployment; inflation
 b. increasing unemployment; inflation
  c. decreasing employment; interest rate
  d. increasing employment; deflation
 e. increasing employment; interest rate


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wfdfwc23

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


vicotolentino

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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