Multiple Choice
Along a short-run Phillips curve, a higher rate of
A) growth in output is associated with a higher unemployment rate.
B) growth in output is associated with a lower unemployment rate.
C) inflation is associated with a higher unemployment rate.
D) inflation is associated with a lower unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: If, in the long run, people adjust
Q43: The natural rate of unemployment is<br>A) the
Q44: The original Phillips curve illustrates the<br>A) trade-off
Q45: The natural rate hypothesis argues that<br>A) in
Q46: An increase in expected inflation will shift<br>A)
Q47: An independent central bank is an advantage
Q51: When unemployment is below the natural rate
Q52: When actual inflation exceeds expected inflation, unemployment
Q67: Explain the connection between the vertical long-run
Q198: Some countries have had relatively high inflation