The Phillips curve relates the inflation rate to the:
a. unemployment rate.
b. GDP.
c. disposable personal income.
d. interest rate.
a
Economics
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Contractionary fiscal policy _______________ Real GDP ______________ in an open economy than in a closed economy
A) raises; more B) raises; less C) lowers; more D) lowers; less
Economics
Refer to the information provided in Figure 33.5 below to answer the question(s) that follow.
Figure 33.5Refer to Figure 33.5. The domestic price of oil is $130 per barrel. This country imports 14 million barrels if the world price of oil is
A. $120. B. $125. C. $135. D. $140.
Economics