In the 1950s, W. Phillips investigated the relationship between
A. wage and price inflation.
B. the unemployment rate and the rate of change in interest rates.
C. the unemployment rate and the rate of change in prices.
D. output and price changes.
C. the unemployment rate and the rate of change in prices.
You might also like to view...
In the above figure, what would be the profit or loss at the profit-maximizing output for this natural monopolist?
A) -$300 B) $2,700 C) $2,100 D) -$1,200
Which of the following would be considered a one-time expense?
A. Raw materials B. A delivery truck C. Radio ads D. A manager's salary
Producers are affected by exchange rate changes because goods manufactured in a country with a weak currency will be relatively cheap in world markets.
a. true b. false
Which of the following would cause an increase in the market supply of drones?
A) a decrease in the demand for drones B) an increase in taxes levied on drones C) an increase in the cost of components used to make drones D) an increase in the number of firms making drones