The Phillips curve is a negative empirical relationship between
A) bond prices and interest rates.
B) unemployment and output.
C) inflation and the real interest rate.
D) unemployment and inflation.
D
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A monopolist restricts output and charges a higher price relative to what would occur if a market were perfectly competitive
a. True b. False Indicate whether the statement is true or false
Which of the following was a reason that the Federal Reserve took on additional risks associated with unconventional policy during the recession of 2007-2009?
a. The inflated price of Treasury bills made them too expensive to purchase in open market operations. b. The large budget deficit constrained conventional monetary policy. c. The U.S. Treasury was unable to sell Treasury bills in the primary market. d. The Fed was able to act more quickly than Congress.