The short-run Phillips curve shows ________ between the unemployment rate and the inflation rate, and the long-run Phillips curve shows ________ between the unemployment rate and the inflation rate
A) a positive relationship; a negative relationship
B) a negative relationship; a positive relationship
C) no relationship; a negative relationship
D) a negative relationship; no relationship
E) no relationship; no relationship
D
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The share of GDP going to federal taxes
A. has been about 16 to 20 percent for the past 40 years. B. has been about 35 percent for the past 40 years. C. was about 40 percent until the early 1980s and has dropped greatly since then. D. has risen steadily in the past 40 years to about 35 percent.
Which of the following will the FTC probably support?
a. a merger that makes entering a market more difficult b. a merger that lowers competition in an industry c. a merger that leads to greater market concentration d. a merger that leads to lower prices for consumers
Mr. and Mrs. Nakama were paying $6,000 taxes on a combined taxable income of $40,000. When they both received pay increases, they found themselves in a higher tax bracket (28 percent). Their average tax rate
A. Decreased. B. Increased to 15%. C. Increased to between 15% and 28%. D. Increased to 28%.
The major assets on a bank's balance sheet are its
A) checking and savings account deposits. B) loans, and checking and savings account deposits. C) reserves, loans, and holdings of securities. D) reserves, checking and savings account deposits. E) reserves, loans, and checking account deposits.