An increase in the unemployment rate which is accompanied by a decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down
B) movement up
C) upward shift of
D) downward shift of
A
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Gross private domestic investment includes business:
a. purchases of capital goods, all new construction, and purchases of consumer durable goods. b. purchases of capital goods, all new construction, and inventory investment. c. purchases of capital goods, all new commercial construction, and inventory investment. d. purchases of capital goods, all new residential construction, and inventory investment. e. purchases of all types of durable goods, all new construction, and inventory investment.
Assume a country is in a fixed exchange rate regime. Now suppose that individuals expect that policy makers will revalue its currency. Explain the various actions that policy makers can choose in response to this expected revaluation
What will be an ideal response?
What is the supply-side cause of instability according to the mainstream view?
What will be an ideal response?
Refer to Figure 24-2. Ceteris paribus, a decrease in the labor force would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.