Multiple Choice
The slope of the short-run Phillips curve is consistent with:
A) the long-run tradeoff between the unemployment rate and inflation.
B) the long-run tradeoff between inflation and GDP.
C) the short-run tradeoff between the money supply and interest rates.
D) the short-run tradeoff between business productivity and wage contracts.
E) the short-run tradeoff between the unemployment rate and inflation.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: More stable macroeconomic policy does not contribute
Q30: Suppose that a labor union negotiates an
Q31: The long-run Phillips curve indicates that the
Q32: Which of the following techniques adopted by
Q33: Assume that an unemployed person expects inflation
Q35: Consider an economy in equilibrium, and assume
Q36: During the 1970s, real shocks to the
Q37: Assume that taxes are constant.If the government
Q38: The Phillips curve based on the unemployment
Q39: What is the difference between the short-run