According to the long-run Phillips curve, in the long run monetary policy influences
a. both the inflation rate and the unemployment rate.
b. the inflation rate but not the unemployment rate.
c. the unemployment rate but not the inflation rate.
d. neither the unemployment rate nor the inflation rate.
b
You might also like to view...
What was the unemployment rate in 2006 in Table 6.1?Table 6.1 200420052006Working Age Population200 million225 million275 millionLabor Force150 million165 million200 millionUnemployed5 million15 million35 million
A. 72.7 percent. B. 51.6 percent. C. 12.7 percent. D. 17.5 percent.
The above figure shows the U.S. market for chocolate. With international trade, consumer surplus is equal to
A) area A + area B + area C + area D. B) area A. C) area B + area C + area D. D) area C + area D. E) area E.
In the long run, all of a firm's inputs are variable
a. True b. False
Markets are primarily responsible for the rapid rise in productivity during the twentieth century
a. True b. False Indicate whether the statement is true or false