Welfare caseloads tend to fluctuate with

Historically, Brazil has suffered higher and more variable rates of inflation than Venezuela

You would expect the short-run aggregate supply curve of Brazil to be ________ than that of Venezuela, and the short-run Phillips curve of Brazil to be ________ than that of Venezuela. A) flatter; flatter B) flatter; steeper C) steeper; flatter D) steeper; steeper

Which economist first identified an inverse relationship between rates of inflation and rates of unemployment?

a. John M. Keynes b. A. W. Phillips c. Robert Barro d. Adam Smith e. Arthur Laffer