Top Posters
Since Sunday
k
1
New Topic  
baileymeredith baileymeredith
wrote...
Posts: 477
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:
Read 49 times
1 Reply
Replies
Answer verified by a subject expert
blazeypoohblazeypooh
wrote...
Posts: 404
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...

5 years ago
Thank you, thank you, thank you!
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  838 People Browsing
Related Images
  
 179
  
 129
  
 164
Your Opinion
What's your favorite math subject?
Votes: 293

Previous poll results: Do you believe in global warming?