The short-run Phillips curve shows a relationship between the
A) unemployment rate and the interest rate.
B) inflation rate and the interest rate.
C) price level and real GDP.
D) inflation rate and real GDP.
E) inflation rate and the unemployment rate.
E
Economics
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Complementary goods are goods people consume together, such as peanut butter and jelly. If the price of peanut butter falls, we predict
A) the demand for peanut butter would increase. B) the demand for jelly would increase. C) the demand for peanut butter would decrease. D) the demand for jelly would decrease.
Economics
In a system with 100% reserve requirement, banks cannot create loans.
a. true b. false
Economics