The original Phillips curve depicted an inverse relationship between wage inflation and unemployment
Indicate whether the statement is true or false
True
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
To determine whether the goal of stable prices is being achieved, the Federal Reserve monitors the ________; to determine whether the goal of maximum employment is being achieved, the Federal Reserve monitors ________
A) GDP price deflator; real GDP B) core PCE deflator inflation rate; the output gap C) core CPI inflation rate; the natural unemployment rate D) CPI; the gap between nominal GDP and real GDP E) core GDP deflator inflation rate; the natural unemployment rate
Forces that cause long-run average cost to fall as output expands are known as
a. returns to scale. b. scale efficiencies. c. economies of scale. d. optimizing forces.
What are some of the specific policies aimed at improving the productivity of women farmers in Kenya?
What will be an ideal response?