Many economists think that, in the long run, the Phillips curve is
a. a horizontal line.
b. a vertical line.
c. the same as the short-run curve.
d. a 45-degree line from the origin.
b
Economics
You might also like to view...
Which of the following is a non-price determinant of supply?
A) the price of related goods consumers may buy B) technological advances in production C) consumers' incomes D) the number of consumers
Economics
A depreciation of Mexico's currency (the peso) means that
a. Mexico's exports will become more expensive b. it now requires fewer pesos to exchange for one unit of another currency c. Mexico's imports will become less expensive d. it now requires more pesos to exchange for one unit of another currency e. it now requires more of other currencies to exchange for one peso
Economics