The Phillips curve illustrates the relationship between:
A. change in the money supply and change in unemployment.
B. tax rates and tax revenues.
C. the equilibrium level of income and the employment rate.
D. inflation and unemployment.
Answer: D
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To be a member of the Internal Monetary Fund a nation must deposit funds based on
A) the need to loan money to developing nations. B) its national income. C) the amount of funds it wants to deposit. D) rules set up by the World Bank.
In the Solow model, if f(k) = 2k0.5, s = 0.25, n = 0.05, and d = 0.2, what is the value of k at equilibrium?
A) 1 B) 2 C) 3 D) 4
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Monetarists believe
A) Real GDP is not determined by M in the long run. B) velocity is constant. C) the SRAS curve is vertical. D) a and c E) a, b and c