The long-run Phillips curve is a(n) ____ line at the natural rate of unemployment
a. horizontal
b. vertical
c. upward-sloping
d. downward-sloping
b
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The unemployment rate can remain below the natural rate, but only _____
a. in the long run b. with continuous deflation c. with a continuously increasing inflation rate d. with a series of adverse supply shocks e. if the money supply is constant
The actual control of the Federal Reserve System resides in the
a. Congress of the United States. b. member banks. c. Senate Banking Committee. d. Board of Governors.
Which of the following statements is true concerning the trend in hospital care between inpatient and outpatient services since the mid-1980s?
a. Both have been declining. b. Outpatient services have been growing while inpatient services have been declining. c. Outpatient services have been declining while inpatient services have been growing. d. Both have been growing. e. There has been no noticeable trend in either inpatient or outpatient services.
The fundamental value of a share of stock is equal to which of the following?
A) the sum of expected dividends B) the present value of expected dividends C) the sum of coupon payments D) the present value of coupon payments E) the present value of the expected yield