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baileymeredith baileymeredith
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5 years ago

Question 1.

Changes in the price level don't affect the unemployment rate if



▸ the economy is operating below capacity.

▸ the economy is operating at capacity.

▸ the aggregate supply curve is flat.

▸ the aggregate demand curve is steep.

Question 2.

If aggregate demand increases and expectations regarding inflation remain constant



▸ the economy moves along the short-run Phillips curve.

▸ the short-run Phillips curve shifts to the right.

▸ the short-run Phillips curve shifts to the left.

▸ the long-run Phillips curve shifts to the right.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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blazeypoohblazeypooh
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#1
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5 years ago
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baileymeredith Author
wrote...

5 years ago
Just got PERFECT on my quiz
jmelchor77
wrote...

Yesterday
Smart ... Thanks!
54321abs
wrote...

2 hours ago
Good timing, thanks!
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