The assumption that wages change more slowly than prices implies that the
A) aggregate demand curve has a positive slope.
B) aggregate demand curve has a negative slope.
C) Phillips Curve has a negative slope.
D) Phillips Curve has a positive slope.
C
Economics
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After Ben Bernanke became chair of the Fed in 2006, he
A) increased Fed transparency. B) abandoned inflation targeting. C) used "just do it" policy. D) increased the opacity of the policymaking.
Economics
What action did many Japanese car manufacturers take in response to the stronger yen following the 2007-2009 financial crisis?
A) They only accepted payments in the form of yen. B) They chose to target China as the primary market for exports. C) They abandoned the market in the United States. D) They moved their production to the United States.
Economics