According to the short-run Phillips curve, which of the following would result in low rates of unemployment?
A) a higher inflation rate B) weak increases in aggregate supply
C) a lower inflation rate D) weak increases in aggregate demand
A
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The impact effect is the
A) zero period dynamic multiplier. B) h period dynamic multiplier, h>0. C) cumulative dynamic multiplier. D) long-run cumulative dynamic multiplier.
The formula for the multiplier can be written as change in
A. Y/change in I. B. I/change in Y. C. Y/change in C. D. Y/change in GDP.
The demand and supply curves shown in the diagram below represent which of the following changes? \
a. an increase in demand and an increase in the equilibrium price b. a decrease in demand and a decrease in the equilibrium price c. a decrease in demand and a decrease in the quantity supplied d. an increase in the quantity demanded and an increase in supply e. an increase in the supply and an increase in the equilibrium price
Literacy rates in the Global South ________ the Global North.
A. have caught up to those in B. are falling even farther behind those in C. have surpassed those in D. are still significantly lower than those in