A rightward shift of the Phillips Curve suggests that:
A. A higher rate of unemployment is associated with each level of inflation rate
B. A lower rate of inflation is associated with each level of unemployment rate
C. The aggregate supply curve has shifted to the right
D. The aggregate demand curve has shifted to the left
A. A higher rate of unemployment is associated with each level of inflation rate
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Economics is best described as the
a. study of choice when scarcity exists b. study of the production of goods and services c. theory of consumer behavior d. science of money e. art of spending money wisely
If a 10-year Treasury bond pays 1.5% and a 10-year corporate bond pays 4.4%, then the spread on this particular corporate bond is 5.9%
a. True b. False Indicate whether the statement is true or false