The Phillips curve assumes that shocks to the economy come from the demand side
a. True
b. False
Indicate whether the statement is true or false
True
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The table below shows the weekly demand for hamburgers in a market where there are just three buyers.PriceQuantity Demanded by Buyer 1Quantity Demanded by Buyer 2Quantity Demanded by Buyer 3$6746597841510123211516Refer to the table. If there were 200 buyers in the market, each with a demand schedule identical to Buyer 2, then the weekly quantity of hamburgers demanded in the market at a price of $4 would be
A. 800. B. 2,000. C. 37,000. D. 3,000.
Which of the following is the most important source of external financing for corporations?
A) stock market B) bond market C) retained earnings D) mortgages
Which of the following offers theories to explain why the government, like the private sector, may also "fail"?
a. Social economics. b. Public choice theory. c. Rational expectations theory. d. Keynesian economics.
Which statement about poverty in the United States is true?
a. Most people living below the poverty line are white. b. Most people living below the poverty line are African American. c. Poverty rates are relatively low for females. d. Poverty rates are relatively low for Hispanics.