According to the theory of rational expectations, when it comes to expected changes in the inflation rate, the short-run Phillips curve would be:
a. vertical
b. horizontal.
c. upward sloping.
d. downward sloping.
a
Economics
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The slope of the line in the above figure is
A) 8. B) 0.05. C) 0.125. D) 0.10.
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How is total revenue calculated? If a firm sells 350 units of a product at a price of $8 each, what is the firm's total revenue?
What will be an ideal response?
Economics
The law of one price means that prices eventually will be the same in all countries and eventually countries will not have a reason to trade.
Answer the following statement true (T) or false (F)
Economics
The path of ________ over a lifetime is likely to be much more stable than the path of ________.
A. saving; income B. consumption; income C. saving; consumption D. income; consumption
Economics