A Phillips curve is
A) the correlation between money growth and the inflation rate.
B) the negative correlation between the unemployment rate and the vacancy rate.
C) the positive observed correlation between the inflation rate and the nominal interest rate.
D) an observed positive correlation between the inflation rate and some measure of aggregate economic activity.
D
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If actual output exceeds potential output, the short-run aggregate supply curve shifts downward over time
Indicate whether the statement is true or false
Refer to Figure 7-3. What is the value of revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?
A) $12 million B) $17.25 million C) $20 million D) $44 million
Competition in an industry increases if two firms in the industry combine into one in a merger
a. True b. False Indicate whether the statement is true or false
Suppose stock X has a beta of 2.5 and stock Y has a beta of 0.5. From this we can conclude that X has:
A. 5 times the nondiversifiable risk of the market portfolio. B. 5 times the nondiversifiable risk of Y. C. 2.5 times the nondiversifiable risk of Y. D. 2.5 times the diversifiable risk of the market portfolio.