Phillips's research looked at British data on

A) unemployment and inflation.
B) unemployment and nominal wage growth.
C) inflation and nominal wage growth.
D) unemployment and output.

B

Economics

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Refer to the scenario above. The country's net exports during that year were ________

A) $77.8 billion B) $92.4 billion C) -$2.2 billion D) -$1.2 billion

Economics

The long-run aggregate supply curve is upward sloping (rather than vertical) in the short-run due to

A. sticky wages B. sticky employment C. sticky interest rates D. sticky output

Economics