Question 1

Cost- push inflation can start with

Accepted Answer

A)   an increase in transfer payments.
B)   higher money wage rates.
C)   an increase in government expenditures.
D)   lower taxes.

Question 2

The short- run Phillips curve shows the relationship between _ .

Accepted Answer

A)   positive; real GDP and inflation
B)   negative; inflation and unemployment
C)   positive; unemployment and real GDP
D)   negative; unemployment and real GDP

Question 3

"The short- run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?

Accepted Answer

The statement is incorrect. An...

Exam 12: U.S. Inflation, Unemployment, and Business Cycle

The short- run Phillips curve shows the relationship between _ .

Correct Answer
verified

"The short- run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?

Correct Answer
verified
The statement is incorrect. An...
View Answer

Cost- push inflation can start with

Correct Answer
verified

Exam 12: U.S. Inflation, Unemployment, and Business Cycle

The short- run Phillips curve shows the relationship between _ .

Correct AnswerverifiedShow Answer

"The short- run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?

Correct AnswerverifiedThe statement is incorrect. An...View AnswerShow Answer

Cost- push inflation can start with

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
The statement is incorrect. An...
View Answer

Correct Answer
verified