The graph of the short-run relationship between the unemployment rate and inflation is called a(n)
A) MP curve.
B) LM curve.
C) IS curve.
D) Phillips curve.
D
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A good has a downward-sloping demand curve and a perfectly elastic supply. Imposing a sales tax of $1 per unit on the sellers of the good
A) raises the price paid by demanders by more than $1.00. B) raises the price paid by demanders by $1.00. C) raises the price paid by demanders by less than $1.00. D) does not change the price paid by demanders.
How will an increase in population affect the labor market?
A) It will increase the supply of jobs. B) It will shift the market supply curve. C) It will cause a decrease in the quantity of labor demanded. D) It will increase the opportunity cost of leisure.
In the special case of the 100 percent-reserve banking, the money multiplier is
a. 1 and banks create money. b. 1 and banks do not create money. c. 2 and banks create money d. 2 and banks do not create money.
Assume that the total revenue curve for a firm is given by TR = 2Q. We know for sure that:
a. the firm is a monopolist b. the firm is not a monopolist c. the firm may be a monopolist or a perfectly competitive firm d. this question is too hard for me and I do not know the correct answer so give me a zero e. none of the above