The Phillips curve shows the relationship between various rates of unemployment and
A. interest rates.
B. real wage rates.
C. inflation.
D. the money supply.
E. investment demand.
C. inflation.
You might also like to view...
Consider the following: The relative price of movies this year has
A) increased. B) decreased. C) stayed the same. D) Not enough information has been given to calculate an answer.
Owners of a corporation have limited liability for the debts of the business.
Answer the following statement true (T) or false (F)
A model that sometimes makes incorrect predictions may be used by economic decision makers
a. under no circumstances b. only if its assumptions are detailed and realistic c. if it is mathematical and computerized d. if it is simple enough for a child to understand e. until a better model is developed
An economics professor points to a student in the front row and announces that "sitting in class is the thing you value most during this time period." Is the professor correct? Why or why not?