The Keynesian theory implied the relationship between inflationary pressures and the level of unemployment; further research proved this relationship and it was coined the _________ curve.
a. Phillips
b. Keynesian
c. Say
d. inflation
a. Phillips
You might also like to view...
Unpaid stay-at-home fathers are included in the Bureau of Labor Statistics' "unemployed" category
a. True b. False Indicate whether the statement is true or false
In Sen's view, development is an economic process that should be assessed by material output measures such as GNI per capita.
a. true b. false
The financing of investment spending is often made possible by
A. consumer spending. B. money supply creation. C. borrowing. D. tax reductions.
If real GDP is greater than potential GDP, then:
A. the output gap is negative. B. the actual unemployment rate is lower than the natural rate of unemployment. C. the actual unemployment rate equals zero. D. the actual unemployment rate is greater than the natural rate of unemployment.