Economic stagnation coupled with high inflation is commonly called:

If the exchange rate falls from 120 yen per dollar to 100 yen per dollar, the dollar has ________ and the yen has ________

A) depreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) appreciated; appreciated

Use the following Phillips curve equation to answer this question: ?t - ?t-1 = (m + z) - ?ut. Which of the following will cause an increase in the natural rate of unemployment?

A) a reduction in m B) an increase in z C) an increase in ? D) a reduction in expected inflation E) none of the above