The modern view of the Phillips curve suggests that:
a. when inflation is reduced, unemployment will fall below the natural rate.
b. the Phillips curve is an unstable relationship.
c. systematic demand stimulus policies will be unable to affect prices in the long run.
d. there will be a trade-off between inflation and unemployment in the long run.
b
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What will be an ideal response?
An expansionary monetary policy tends to ________ our net exports.
Fill in the blank(s) with the appropriate word(s).
During 2015-2017 China was the largest recipient of direct investment flows in the world.
Answer the following statement true (T) or false (F)
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