The following Phillips curve of would be consistent with the _____ model(s)
a. Keynesian.
b. monetarist.
c. monetarist and classical.
d. classical.
e. None of the above
B
You might also like to view...
If the price of automobiles was to increase, then
A) the quantity of gasoline demanded would decrease. B) the demand for gasoline would increase. C) the demand for gasoline would decrease. D) the supply of gasoline would increase.
All of the following would be considered explicit costs of operating a business except
A) the rental value of equipment the company owns and uses for its own production. B) advertising expenses. C) utility expenses. D) the cost of raw materials used in production.
Which of the following is not true in the long run under perfect competition? a. There is no incentive for firms to enter or exit the industry. b. Economic profit is zero
c. Long-run marginal cost is minimized. d. Long-run average total cost is minimized.
According to the BLS, the unemployment rate is the percentage of the
a. labor force that is unemployed or working part-time b. labor force that is unemployed and had expressed interest in working c. civilian labor force that is unemployed less the number of government workers d. adult population that is unemployed e. adult population that is unemployed or looking for a better job