The short-run Phillips curve shows the relationship between the inflation rate and the unemployment rate when ________ remain(s) constant
A) fiscal policy
B) the natural unemployment rate and the expected inflation rate
C) monetary policy
D) interest rates
E) aggregate demand
B
Economics
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Because central banks have not been willing to give up their option of intervening in the foreign exchange market, the current international financial system can best be described as a
A) variable-pegged exchange rate system. B) moving-pegged exchange rate system. C) hybrid of a fixed exchange rate and flexible exchange rate system. D) flexible-exchange, dollar-pegged exchange rate system.
Economics
As the wage rate increases, the income effect tends to reduce the quantity of labor supplied to the market
a. True b. False
Economics