According to the Phillips curve, unemployment will return to the natural rate when:
A) Nominal wages are equal to expected wages
B) Real wages are back at long-run equilibrium level
C) Nominal wages are growing faster than inflation
D) Inflation is higher than the growth of nominal wages
Correct Answer:
Verified
Q1: An increase in injections into the economy
Q3: What is the cause of inflation?
A)If money
Q4: What does the inflation imply?
A)Rise in budget
Q5: How the inflation can be checked temporarily?
A)Increase
Q6: Which groups are not protected from inflation?
A)Industrial
Q7: Which of the following cannot be included
Q8: What is Cost-Push inflation?
A)Increasing money supply
B)Increasing indirect
Q9: Inflation is the state in which ..............................
A)The
Q10: Which of the following class will not
Q11: Which of the following is an effect
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