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Author Question: The Phillips curve depicts the relationship between (Read 31 times)

cartlidgeashley

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Question 1

Changes in the price level don't affect the unemployment rate if


◦ the economy is operating below capacity.
◦ the economy is operating at capacity.
◦ the aggregate supply curve is flat.
◦ the aggregate demand curve is steep.

Question 2

The Phillips curve depicts the relationship between


◦ output and the price level.
◦ aggregate demand and aggregate expenditures.
◦ inflation and unemployment.
◦ money supply and interest rates.


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Marked as best answer by cartlidgeashley on Apr 19, 2019

yahahah24021

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cartlidgeashley

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yahahah24021

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