In the expectations-augmented Phillips curve, ? = ?e - 3(u - 0.05). When ? = 0.03 and ?e = 0.06, the unemployment rate is
A) 0.04.
B) 0.05.
C) 0.06.
D) 0.07.
C
Economics
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When the exchange rate depreciates in the short run and then appreciates to its original level in the long run, it implies that the domestic money supply has:
a. temporarily risen. b. permanently risen. c. temporarily fallen. d. permanently fallen.
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What does it mean to say that a good generates network externalities?
What will be an ideal response?
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