If changes in inflation are higher than expected
A) the short-run Phillips curve will be negatively sloped.
B) the short-run Phillips curve will be vertical.
C) the short-run Phillips curve will be positively sloped, but not vertical.
D) the long-run Phillips curve will be negatively sloped.
A
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The unemployment rate measures the percentage of people in the labor force who can't find a job
Indicate whether the statement is true or false
If total private-sector employment increased from 15,000 in March to 15,750 in April, then we know for sure that
A) the private sector created 750 jobs during that time frame. B) the unemployment rate deceased during that time frame. C) the change in private-sector employment was 750 during that time frame. D) All of the above answers are correct interpretations of the information.
The Fed never processes immigrating checks that must pass between different Federal Reserve banks
Indicate whether the statement is true or false
"Equilibrium" is a situation in which there are no inherent forces to produce change
a. True b. False Indicate whether the statement is true or false