On the long-run Phillips curve, the unemployment rate
A) equals the natural unemployment rate, but the inflation rate can be any value.
B) decreases when the inflation rate increases.
C) equals the natural unemployment rate, and the inflation rate equals the expected inflation rate.
D) can be any value, but the inflation rate equals the expected inflation rate.
E) and inflation rate can take any value.
A
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In developing countries, exchange rates tend to be
A) floating with some government intervention. B) pegged. C) hard to tell from the data. D) run by currency boards. E) flexible.
In the period 1980-92, United States net national saving fell due to
A) large budget deficits and an increase in private saving. B) small budget deficits and a decrease in private saving. C) small budget deficits and an increase in private saving. D) large budget deficits and a decrease in private saving.