In the Phillips curve Dpt = u¯
T + o¯,
Measures:
A)a price shock.
B)how sensitive inflation is to interest rates.
C)how sensitive inflation is to aggregate demand conditions.
D)how sensitive inflation is to aggregate supply conditions.
E)how sensitive inflation is to price shocks.

Question

In the Phillips curve Dpt = u¯ 
T + o¯, 
Measures:
A)a price shock. 
B)how sensitive inflation is to interest rates. 
C)how sensitive inflation is to aggregate demand conditions. 
D)how sensitive inflation is to aggregate supply conditions. 
E)how sensitive inflation is to price shocks.

Quizplus · Accepted Answer

The Answer of In the Phillips curve Dpt = u¯ 
T + o¯, 
Measures:
A)a price shock. 
B)how sensitive inflation is to interest rates. 
C)how sensitive inflation is to aggregate demand conditions. 
D)how sensitive inflation is to aggregate supply conditions. 
E)how sensitive inflation is to price shocks.

In the Phillips Curve Dpt = U¯