Multiple Choice
The long-run Phillips curve shows the relationship between
A) the inflation rate and the unemployment rate.
B) real GDP and potential GDP.
C) the nominal interest rate and real interest rate.
D) the inflation rate and the natural unemployment rate.
E) real GDP and the natural unemployment rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q99: When the natural unemployment rate changes, what
Q196: If the economy is on its short-run
Q197: According to the AS-AD model, when real
Q198: The short-run Phillips curve is _ and
Q199: The relationship between the AS-AD model and
Q200: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the above
Q203: At full employment,<br>A) real GDP exceeds potential
Q204: If the price level rises from 100
Q205: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the figure
Q206: The long-run Phillips curve represents the relationship