Multiple Choice
The economist A.W.Phillips published a famous article in 1958 in which he showed a
A) negative correlation between the rate of unemployment and the rate of inflation.
B) positive correlation between the rate of unemployment and the rate of inflation.
C) negative correlation between the rate of unemployment and the rate of interest.
D) positive correlation between the rate of unemployment and the rate of interest
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
Q7: In his famous article published in an
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
Q87: If taxes rise, then aggregate demand shifts<br>A)right,
Q189: In 2009, Congress and President Obama approved