Which of the following observations concerning the Phillips curve is not true?
a. They are normally upward-sloping.
b. They are more commonly constructed for price inflation.
c. They depict the inverse relation between wage inflation and unemployment.
d. They depict the rate of unemployment on the horizontal axis.
a
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You want to invest in a firm whose profits show large fluctuations throughout the business cycle. Which of the following would you invest in?
A) A corporation that depends heavily on business fixed investment B) A corporation that depends heavily on consumer services C) A corporation that depends heavily on consumer nondurables D) A corporation that depends heavily on government purchases
A union that pursued a policy of restricting entry over time into the union would
A) see real wages hold constant over time at whatever premium they could get initially. B) also have to negotiate to be sure that all the members were able to find jobs. C) generate rising real wages for its membership over time as long as demand for union workers increased over time. D) fail to obtain benefits for their workers in excess of what the workers would get under open markets.
If the money multiplier is 2.5, the reserve ratio is:
A. 0.5. B. 0.4. C. 0.3. D. 0.6.
Why do small differences in the rate of economic growth produce large differences in the size of the economy over time? Illustrate with an example
Please provide the best answer for the statement.