If actual inflation is less than expected inflation, which of the following will be true?
A) The Phillips curve will be a vertical line. B) Real wages will fall.
C) The unemployment rate will fall. D) Real wages will rise.
D
Economics
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The multiplier is defined as the ratio of a change in income to the
A) marginal propensity to save. B) marginal propensity to consume. C) change in the marginal propensity to consume causing it. D) change in the marginal propensity to save causing it. E) change in planned autonomous spending causing it.
Economics
In this graph, one of the end results of the expansionary policy is ______.
a. a permanent shift in output from RGDPNR to RGDP2
b. a shift of price level to PL3
c. a shift in aggregate demand from AD2 to AD1
d. a shift in equilibrium from E1 to e2
Economics