Which of the following is NOT used in deriving the AS-curve in Chapter 6?
A) the link between output and employment
B) the price-cost relation
C) the Phillips curve
D) the quantity theory of money
E) all of the above are used
Correct Answer:
Verified
Q1: According to the Phillips curve relationship, if
Q2: The inflation-expectations-augmented Phillips curve implies that
A)unemployment is
Q3: The original Phillips curve shows an inverse
Q5: If we look at the annual U.S.unemployment
Q6: Friedman and Phelps argued that the Phillips
Q7: The insider-outsider model refers to
A)policy making in
Q8: The newer view of the Phillips curve
Q9: The theory of aggregate supply is one
Q10: The inverse relationship between inflation and unemployment
Q11: Which of the following is NOT true
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