The rate of adjustment between the long run and short run Phillips curve will be determined by
a. the rate of adjustment of price expectations.
b. the rate of money growth.
c. the level of wage flexibility in labor markets.
d. both a and c.
e. all of the above.
D
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In the above figure, point A represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) an increase in aggregate demand.
If M = $100, Y = $500 and P = $2, then V is equal to
A) 0.10 B) 1. C) 10. D) 50.
A company's inventory management policy influences day-to-day availability. What is the tradeoff between inventory costs and stock-out costs?
a. Expensive inventory vs. lost customers b. Technological innovations vs. product attributes c. Capital vs. debt equity d. Expensive inventory vs. technological investment
The market value of all final goods and services produced within a country during a specific period
What will be an ideal response?