The short-run Phillips curve tradeoff becomes less favorable if either
A) the expected inflation rate or the natural unemployment rate increases.
B) potential GDP or the natural unemployment rate increases.
C) potential GDP or the natural unemployment rate decreases.
D) the level of real GDP decreases or the natural unemployment rate decreases.
E) the expected inflation rate increases or the natural unemployment rate decreases.
A
Economics
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Aggregate expenditure is equal to
A) C - I - G - NX. B) Y + C + I + G + NX. C) C + I + G - NX. D) C + I + G. E) C + I + G + NX.
Economics
In the figure above, if the wage rate is $6 per hour, then the
A) firms' surplus is the area d + e + f. B) workers' surplus is the area a + b + c. C) deadweight loss equals zero. D) Only answers A and C are correct. E) Answers A, B, and C are correct.
Economics