Since the 1970s, the Phillips curve has:
a. remained stable.
b. moved in a clockwise direction.
c. been unstable.
d. been used as a reliable model to guide public policy.
c
You might also like to view...
Because women have a longer average life span than men, they are paid
A) higher monthly retirement benefits by a defined benefit pension plan. B) lower monthly retirement benefits by a defined benefit pension plan. C) the same monthly retirement benefits by a defined benefit pension plan. D) the amount of monthly benefits paid to men and women by a defined benefit plan is determined by each company.
Firms will merge or one firm will acquire another for all but which of the following reasons:
A) one large firm has a cost advantage over two smaller firms. B) synergies involved between the two firms. C) to enter a new market. D) to diversify risk. E) one large firm can sell more than two smaller firms.