________ is (are) the endogenous variable(s) in the Phillips curve
A) Expected inflation
B) Inflation
C) The natural rate of unemployment
D) all of the above
E) none of the above
B
You might also like to view...
A firm's ability to process information depends on:
a. its human resources. b. how the information is transferred within the organization. c. its organizational design. d. how the information originates.
Two studies published in the New England Journal of Medicine link the risk of breast cancer to alcohol consumption. Young women who have nine drinks per week were reportedly 150 percent more likely to develop breast cancer. According to economic analysis, how would this information affect the market for alcohol?
a. Demand will increase, placing upward pressure on price. b. Supply will decrease, placing downward pressure on price. c. Demand will decrease, placing downward pressure on price. d. Supply will increase, placing upward pressure on price.
If a person had increasing marginal utility, then the decline in utility from losing $1,000 would be greater than the increase in utility from gaining $1,000
a. True b. False Indicate whether the statement is true or false
A capital intensive production process is one in which:
A. a lot of capital is hired relative to the total inputs needed to produce the good. B. total costs will be minimized if capital is the primary factor of production used. C. a part of the production process must be done by capital and cannot be substituted. D. highly specialized capital is needed to produce the good.