For the period 1961 to 1969, the Phillips curve for the United States displayed the same shape that A. W. Phillips found for the United Kingdom for the period 1861 to 1913---it was
A) horizontal.
B) vertical.
C) downward sloping.
D) upward sloping.
C
You might also like to view...
Parties who have sold a futures contract and thereby agreed to ________ (deliver) the bonds are said to have taken a ________ position
A) sell; short B) buy; short C) sell; long D) buy; long
Which of the following is true?
a. In recent decades, the volume of U.S. international trade has been increasing as a share of the economy. b. As transportation costs decline, the volume of international trade will also tend to decline. c. Most international trade is between the governments of different nations. d. If one party to an international exchange gains, the other party must lose a similar amount.
The Federal Reserve reduced the Fed funds rate to the 0–0.25 percent range in 2008 in response to the Lehman Brother’s catastrophe.
Answer the following statement true (T) or false (F)
Refer to Scenario 3.1 below to answer the question(s) that follow.SCENARIO 3.1-Streaming movies and movies shown in theaters are substitutes. -Streaming movies and OLED TVs are complements. -OLED TVs and movies shown in theaters are normal goods. -People watch streaming movies more often in the winter than in the summer.Refer to Scenario 3.1. If the number of sites streaming movies increases by 10%, which of the following would occur?
A. The price of streaming movies and the price of movie tickets would decrease, but the price of OLED TVs would increase. B. The price of streaming movies would increase and the price of OLED TVs and movie tickets would decrease. C. The price of streaming movies would increase, but the price of OLED TVs and movie tickets would be unaffected. D. The price of streaming movies and the price of movie tickets would increase, but the price of OLED TVs would decrease.