Solved

If the Economy Is at Point a in the Phillips

Question 35

Multiple Choice

If the economy is at point A in the Phillips curve graph shown, what prediction would you make for unemployment in the long run?

A) It will increase.
B) It will decrease.
C) It will remain constant.
D) It will explode.

Related Questions

Q13: According to the quantity theory of money,

Q14: Economists who believe in the quantity theory

Q34: One assumption that changes the equation of

Q37: Suppose you sell surfboards for a living,

Q60: Inflation redistributes income from people who do

Q67: Velocity can be calculated as the ratio

Q77: The quantity theory of money concludes that

Q150: If the money supply is 500 and

Q162: If inflation is highly volatile:<br>A)mortgage contracts will

Q169: If asset prices rise:<br>A)real wealth increases.<br>B)productive capacity