The short-run Phillips curve is the relation between inflation and unemployment that holds for a given natural rate of unemployment and a
A) given rate of inflation.
B) given expected rate of inflation.
C) given level of unemployment.
D) given expected level of unemployment.
B
Economics
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If an individual moves money from a small-denomination time deposit to a demand deposit account
A) M1 increases and M2 stays the same. B) M1 stays the same and M2 increases. C) M1 stays the same and M2 stays the same. D) M1 increases and M2 decreases.
Economics
As a consumer consumes more and more of a product in a particular time period, eventually marginal utility
A) rises. B) is constant. C) declines. D) fluctuates.
Economics