The short-run Phillips curve is based on expected interest rate
Indicate whether the statement is true or false
false
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If a small country imposes a tariff, then
A) the producers must suffer a loss. B) the consumers must suffer a loss. C) the government revenue must suffer a loss. D) the demand curve must shift to the left. E) the world price on that item will shift.
The exchange rate is
A) the price of one currency relative to gold. B) the value of a currency relative to inflation. C) the change in the value of money over time. D) the price of one currency relative to another.
Am M-form of an organization is one in which
a. Each division performs a single task b. Each division performs all the tasks necessary to serve a particular type of customer c. Each division performs all the tasks necessary to serve all the customers of a particular geographical area d. Both B&C
The Phillips curve:
a. is downward sloping. b. is upward sloping. c. shows there is a tradeoff between unemployment and the inflation rate. d. shows there is a tradeoff between population and the inflation rate.