Multiple Choice
In his famous article published in an economics journal in 1958,A.W.Phillips
A) used data for the United States to show a negative relationship between the rate of change of the U.S.consumer price index and the U.S.unemployment rate.
B) used data for the United States to show a negative relationship between the rate of change of wages in the U.S.and the U.S.unemployment rate.
C) used data for the United Kingdom to show a negative relationship between the rate of change of the U.K.consumer price index and the U.K.unemployment rate.
D) used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K.and the U.K.unemployment rate.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Figure 35-3.The left-hand graph shows a short-run
Q3: Samuelson and Solow argued that<br>A)high unemployment puts
Q4: Figure 35-4.The left-hand graph shows a short-run
Q5: The economist A.W.Phillips published a famous article
Q8: Figure 35-2<br>Use the pair of diagrams below
Q9: According to the short-run Phillips curve,if the
Q10: A.W.Phillips' findings were based on data<br>A)from 1861-1957
Q11: If the central bank decreases the money
Q12: During the financial crisis Congress and President
Q189: In 2009, Congress and President Obama approved