A decrease in the unemployment rate which is accompanied by an increase in the inflation rate is represented by a ________ the Phillips curve
A) movement down
B) movement up
C) upward shift of
D) downward shift of
B
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It is better to protect an infant industry with _______ than ________.
a. a voluntary export restraint; a quota b. a voluntary export restraint; a tariff c. a tariff; a quota d. a quota; a tariff
Mean reversion refers to the tendency for
A) futures prices to revert to the prices of the underlying securities. B) the long-run mean return on stocks to equal the long-run mean return on bonds. C) stocks with high returns today to experience low returns in the future and for stocks with low returns today to experience high returns in the future. D) financial analysts whose stock picks have earned above-normal returns in the past to be unable to pick stocks that will perform as well in the future.