Over time, the Phillips curve has:
a. remained stable.
b. shifted downward.
c. shifted upward.
d. has become positively sloped.
c. shifted upward.
Economics
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If the Fed buys government bonds through open-market operations, it will
A) increase the demand for bonds in the bond market. B) decrease the demand for bonds in the bond market. C) increase the supply of bonds in the bond market. D) decrease the supply of bonds in the bond market.
Economics
The country of Southland produced $2,000 billion of output in one year. The population of Southland was 100 million, of whom 60 million were employed. What was average labor productivity in Southland?
A. $20 B. $33 C. $33,333 D. $20,000
Economics