The Phillips curve fails to provide a consistent explanation for macroeconomic performance in the United States in the 1960s
a. True
b. False
Indicate whether the statement is true or false
False
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Marginal utility is measured by the maximum amount of money a consumer is willing to pay for one more unit of a commodity.
Answer the following statement true (T) or false (F)
What is the rate of return on a bond with a coupon of $38 payable in one year that was purchased for $950 and sold one year later for $931?
A) 2% B) 4% C) 6% D) 19%
Which of the following will tend to occur when the interest rate increases?
A) The demand for money curve shifts leftward. B) The demand for money curve shifts rightward. C) There is a rightward movement along the demand for money curve. D) There is a leftward movement along the demand for money curve.
Which of the following characterizes a competitive market?
A. A downward-sloping demand curve for the firm. B. Some of the firms sell at a price above the market equilibrium price. C. A vertical demand curve facing each firm in the market. D. A downward-sloping demand curve for the market.