The Phillips curve is a negative empirical relationship between
A) bond prices and interest rates.
B) unemployment and output.
C) inflation and the real interest rate.
D) unemployment and inflation.
D
You might also like to view...
Refer to the given table. Relative to column C, column D represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$205040$306050$407060$508070$609080
A. a decrease in supply. B. a decrease in demand. C. an increase in demand. D. an increase in supply.
A monopolist is
A. a firm with the largest annual sales in a country. B. a single supplier of a good for which there is no close substitute. C. a supplier of a good that everyone needs with the result that it makes large profits. D. a large firm that makes all the other firms in the industry do what it wants.
Demand is said to be ____ when the quantity demanded is very responsive to changes in price
a. independent b. inelastic c. unit elastic d. elastic
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.