The Phillips curve based on the unemployment and inflation rates in the U.S. between 1961 and 1969 was:
a. upward-sloping.
b. downward-sloping.
c. horizontal.
d. vertical.
e. upward-sloping but kinked.
b
Economics
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Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run
A) the capital-labor ratio (K/N) will be greater in B than in A. B) the capital-labor ratio (K/N) will be greater in A than in B. C) the capital-labor ratio (K/N) will be the same in the two countries. D) economic growth will be higher in A than in B.
Economics
Which of the following purports to be a "free-trade" agreement?
A. USSR B. WTO C. CAFTA D. GATT
Economics