Which of the following is an implication of the modern view of the Phillips curve?
a. Higher rates of inflation always lead to lower rates of unemployment.
b. Higher rates of inflation always lead to higher rates of unemployment.
c. If actual inflation exceeds the inflation rate anticipated by decision makers, unemployment will temporarily fall below the natural rate.
d. If actual inflation exceeds the inflation rate anticipated by decision makers, unemployment will temporarily rise above the natural rate.
C
You might also like to view...
Shawn determines that if Lexall Corporation has high revenues, then Waters Corporation will have low revenues, and that if Lexall Corporation has low revenues, then Waters Corporation will have high revenues. Shawn buys stock in both corporations
a. He has reduced firm-specific risk but not market risk. b. He has reduced market risk, but not firm-specific risk. c. He had reduce both firm-specific risk and market risk. d. He has reduced neither firm-specific risk nor market risk.
If the interest rate is below the equilibrium interest rate, then the quantity __________ of money exceeds the quantity __________ of money, and there is a __________ of money
A) supplied; demanded; shortage B) supplied; demanded; surplus C) demanded; supplied; shortage D) demanded; supplied; surplus
The value-added approach of measuring GDP does not do the following.
A. It includes the revenue a firm receives from selling a product minus the amount paid for goods purchased from other firms. B. It includes only the value-added portion from the sale of goods and services. C. It includes only the second-to-the-last value of the intermediate good used. D. It avoids double counting.
The difference between an L3C (low profit limited liability company) and other types of businesses is that:
A. L3Cs are chartered by the government and all profits are retained by the government. B. L3Cs explicitly take on a social mission as well as profit-seeking. C. L3Cs cannot accept government funding of any kind. D. L3Cs do not pursue profit, but instead seek social goals.