According to the Phillips curve, which of the following statements is true?
a. Increasing the money supply will cause interest rates to drop.
b. There is an inverse relationship between inflation and unemployment.
c. There is an inverse relationship between money supply and inflation.
d. Tightening the money supply will cause unemployment to drop.
b
You might also like to view...
Which of the following can currently best be described
as a nation-state? A) Japan B) Kurdistan C) Yugoslavia D) The United States
The German president serves primarily as __________
a. chancellor b. head of state c. chief party leader d. chief of government
State courts of last resort range in size from ____ judges.
a. two to four b. five to nine c. eleven to fifteen d. fourteen to twenty-three
Some states use nonpartisan elections to choose their judges. What is a nonpartisan election plan?
a. the Texas plan for selecting judges b. the citizens vote for judges, but no party labels appear on the ballot c. where either the legislature or the governor appoints the judges d. a merit plan e. elections in which candidates run as Democrats or Republicans