The short-run Phillips curve is ________ than the long-run Phillips curve
A) flatter B) steeper
C) less stable D) Both B and C are correct.
A
Economics
You might also like to view...
A narrowly conceived physical quality-of-life index attempts to measure:
a. the gross national income. b. absolute poverty levels. c. the level of social injustice. d. the level of technological progress. e. living standards.
Economics
In the Keynesian model, whenever planned saving is more than planned investment
A. there will be unplanned inventory depletion. B. there will be unplanned inventory accumulation. C. the interest rate will remain unchanged. D. real GDP will not be influenced.
Economics