Refer to the information provided in Table 31.2 below to answer the question(s) that follow.Table 31.2PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1  50  50  2002  50  60  2153  50  70  2254  50  80  230Refer to Table 31.2. When moving from Period 1 to Period 4, labor productivity

The interest rate on a bond is

A) inversely related to its price. B) directly related to its price. C) determined by its face value. D) determined by the time to maturity.

The modern view of the Phillips curve suggests that

a. when inflation is less than anticipated, unemployment will fall below the natural rate. b. when inflation is steady, actual unemployment will equal the natural rate of unemployment. c. systematic demand stimulus policies will be unable to affect prices in the long run. d. there will be a trade-off between inflation and unemployment in the long run.