Multiple Choice
The idea behind the Phillips curve is that ________.
A) tight labor markets lead to inflationary pressures
B) when the unemployment rate is low,wages will increase
C) when firms raise wages to attract new workers,prices will also increase
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: _ may cause a shift of the
Q2: Observations of inflation in the 1970s prompted
Q3: In the long run _.<br>A)the aggregate supply
Q4: Unprecedented stimulative policies throughout the global economy
Q6: If expectations about inflation are adaptive,they are
Q7: _ is (are)the endogenous variable(s)in the Phillips
Q8: The short-run aggregate supply curve shows that
Q9: Given the accelerationist Phillips curve Δπ =
Q10: What factors cause a shift in the
Q11: Which of the following never assumes,either implicitly