The Phillips curve shows that when the unemployment rate is higher than the natural rate,
A) inflation is higher than expected.
B) inflation is lower than expected.
C) policy rate is higher than expected.
D) policy rate is lower than expected.
Correct Answer:
Verified
Q13: In the IS-LM-PC model,investment does not depend
Q14: If the output is too high,to achieve
Q15: When a government reduces its deficits by
Q16: If the output is too low,to achieve
Q17: In the IS-LM-PC model,which of the following
Q19: Use the IS-LM-PC model to illustrate how
Q20: When the policy rate increases,
A)IS curve does
Q21: What is the major reason for oil
Q22: What is the major reason for oil
Q23: An increase in the price of oil
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