Phillips's research looked at British data on
A) unemployment and inflation.
B) unemployment and nominal wage growth.
C) inflation and nominal wage growth.
D) unemployment and output.
B
You might also like to view...
According to Prebisch and other ISI theoreticians, countries should begin to shift their comparative advantage away from primary commodity production by first producing
A) industrial goods such as pumps and generators. B) complex consumer goods such as autos and appliances. C) advanced industrial goods such as chemical and electronics. D) simple consumer goods such as food products and textiles. E) minerals and agricultural products.
A risk-neutral individual will make investment decisions purely based on net present value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) net present value is always more than expected utility.
Using the aggregate demand- aggregate supply model, an increase in government spending...
What will be an ideal response?
Refer to the information provided in Figure 17.1 below to answer the question(s) that follow. 
Figure 17.1 Refer to Figure 17.1. John has two job offers when he graduates from college. John views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $50,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of $60,000. John believes that he has a 50-50 chance of earning the bonus. What is the expected value of John's income for each job offer?
A. $25,000 for the first offer and $50,000 for the second offer B. $50,000 for the first offer and $50,000 for the second offer C. $50,000 for the first offer and $80,000 for the second offer D. $50,000 for the first offer and $30,000 for the second offer