The Phillips curve
was relatively well-defined during the 1960s
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The IS curve is Y = 20 - 1.5r, and the aggregate demand curve is Y = 15.5 - 0.3?. The monetary policy curve is ________
A) r = 4.5 - 1.8? B) r = 20 + 0.3? C) r = 3 + 0.2? D) Y = 17.75 + 0.6? E) none of the above
If the surplus in the capital account are greater than the deficit in the current account, then
a. the current account must be positive in the long-run. b. the current account must be negative in the long-run. c. exports must be less than imports. d. official reserve transactions must be negative.
In August 2018, the U.S. unemployment rate was 3.9% and the civilian labor force was estimated to be 161,776,000. About how many unemployed workers were there in the United States?
a. 63.1 million b. 41.5 million c. 6.3 million d. 3.9 million
Gloria works for a museum in a large city with many other museums. Her boss proposes that the museum should raise the price of admission to increase revenues. Gloria was a good student in her economics principles course. How should she advise her boss?
What will be an ideal response?