The long-run Phillips curve is a horizontal line at the natural rate of unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose that the chain-weighted index for GDP in Gambia was 275 in 2015 and 350 in 2016. The inflation rate between those two years was approximately
A) 20.2 percent. B) 27.3 percent. C) 37.5 percent. D) 75 percent.
If the price of bonds rises,
a. the Fed will decrease the money supply b. the Fed will increase the money supply c. the interest rate will rise d. the interest rate will fall e. inflation must be accelerating
Unions understand that they can end up being big winners from inflation if they sign multiyear fixed-wage contracts
Indicate whether the statement is true or false
Because the government must pay interest on the public debt, its ability to balance the budget or fund public sector activities is reduced.
Answer the following statement true (T) or false (F)