Multiple Choice
According to the Phillips curve, unemployment will return to the natural rate when:
A) Nominal wages are equal to expected wages
B) Real wages are back at long-run equilibrium level
C) Nominal wages are growing faster than inflation
D) Inflation is higher than the growth of nominal wages
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which groups are not protected from inflation?<br>A)Industrial
Q15: What does the inflation imply?<br>A)Rise in budget
Q16: Entrepreneurs will have no tendency to expand
Q17: The normal condition of a capitalist economy
Q18: According to classical economists, variations in savings
Q19: Which of the following is an effect
Q20: Excess demand for money, according to Say's
Q21: An increase in injections into the economy
Q22: When output exceeds spending:<br>A)There is unsold output,
Q24: What is the cause of inflation?<br>A)If money