The Phillips curve relationship can also be seen indirectly from the AD/AS model
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
To explain the long-run determinants of the price level and the inflation rate, most economists today rely on the
a. quantity theory of money. b. price-index theory of money. c. theory of hyperinflation. d. disequilibrium theory of money and inflation.
f the dollar appreciates relative to the Yen, it can be said that
What will be an ideal response?
Which of the following is NOT a benefit of international trade?
A) It increases overall output. B) It results in a transmission of ideas. C) It promotes self-sufficiency. D) It results in the transmission of new processes.
Imagine an economy with production function Y = F(K) = and 400 units of capital. If the fraction of output invested in new capital is ? = 0.2, how much new capital will be created in the next period?
A. 2 B. 6 C. 8 D. 4