A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down
B) movement up
C) upward shift of
D) downward shift of
D
Economics
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Nominal GDP is measured by calculating real GDP at constant prices
Indicate whether the statement is true or false
Economics
Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4
A) 26.6 B) 0.65 C) 14.6 D) 5.65 E) none of the above
Economics