If the aggregate supply curve is vertical, then the short-run Phillips curve will
a. be horizontal.
b. also be vertical.
c. slope upward.
d. slope downward.
b
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Economic recovery from recession appears to have begun in
Consider the following hypothetical annual growth rates of real GDP:
a) 1999
b) 2000
c) 2001
d) 2002
e) 2003
The mean and the median are closely related concepts. The median is the numerical value separating the higher half of your data from the lower half. You can find the median by arranging all of the observations from lowest value to highest value and picking the middle value? (assuming you have an odd number of? observations). Although the mean and median are closely? related, the difference between the mean and the median is sometimes of interest.
Suppose country A has five families. Their incomes are ?$10 comma 00010,000?, ?$20 comma 00020,000?, ?$30 comma 00030,000?, ?$41 comma 00041,000?, and ?$49 comma 00049,000. Country? A's median income is ?$ 3000030000?, and its mean income is ?$ 3000030000.?(Round your responses to the nearest dollar.?) Suppose country B also has five families. Their incomes are ?$10 comma 00010,000?,?$20 comma 00020,000?, ?$30 comma 00030,000?, ?$41 comma 00041,000?, and ?$149 comma 000149,000. Country? B's median income is ?$ 3000030000?, and its mean income is ?$ nothing. ?(Round your responses to the nearest dollar.?)
Suppose a contractionary monetary policy raises nominal interest rates. If this is the case, it follows that the contractionary monetary policy must have:
A. reduced expected inflation. B. increased real interest rates more than it reduced expected inflation. C. increased expected inflation. D. increased expected inflation more than it reduced real interest rates.
Which of the following is not assumed to be constant along a money demand curve?
What will be an ideal response?