The short-run Phillips curve shows that as the unemployment rate goes down, _____
a. unemployment benefit payments go up
b. prices go down
c. the Phillips curve shifts outward
d. the inflation rate goes up
e. there is no change in the rate of inflation
d
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Extensive government restrictions on the use of capital are likely to
A) result in capital resources being devoted to their most efficient uses. B) enhance economic growth. C) enhance economic freedom. D) create dead capital.
Which of the following is true of a tariff?
a. It is a tax levied by the government on domestic production of goods and services. b. It is a quantitative restriction on imports imposed by the government. c. It is a monetary benefit received by exporters from the government. d. It is a monetary benefit received by importers from the government. e. It is a tax on import and export levied by the government.
If the wages of a dentist increase,
a. so does her opportunity cost of leisure. b. her hours of labor supplied may increase. c. her hours of labor supplied may decrease. d. All of the above are correct.
Does the expectations hypothesis allow for people to have a preference for longer-term investments? Explain
What will be an ideal response?