When looking at data for unemployment and inflation in the 1950s and 1960s there is evidence supporting the short run Phillips Curve model.
Answer the following statement true (T) or false (F)
True
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Supplemental Security Income (SSI) is a type of
a. in-kind transfer. b. minimum wage law. c. private charity. d. welfare payment.
What are the twin goals of the Federal Reserve Bank?
a) Low unemployment and zero inflation. b) No unemployment and stable prices. c) Low unemployment and stable prices. d) No unemployment and zero inflation.
If Great Britain experiences higher rates of inflation than the United States over a long period of time, we should expect the British £ (pound) per U.S. $ (dollar) exchange rate to:
A. hold constant, there isn't any link between inflation and exchange rates. B. fluctuate in a narrow range set by the Bank of England. C. increase. D. decrease.
Income decreases in the United States. This will cause a(n)
A. increase in the demand for pounds. B. increase in the supply of pounds. C. decrease in the supply of pounds. D. decrease in the demand for pounds.