Which of the following pairs of variables are explained by the Phillips curve?
A) The inflation rate and the change in the unemployment rate.
B) The change in inflation and the unemployment rate.
C) The change in inflation and the change in the unemployment rate.
D) The money growth rate and the inflation rate.
E) The money growth rate and the wage rate.
Correct Answer:
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Q16: If nominal GDP rises from $50 trillion
Q17: Which one of the following represents a
Q18: Fluctuations refer to:
A) changes in stock prices.
B)
Q19: When using the income approach to measure
Q20: Which of the following expressions represents nominal
Q22: By 2011, capital income in Australia accounted
Q23: Suppose nominal GDP in 2011 increased by
Q24: Assume that 2009 is the base year.
Q25: Pure inflation occurs when:
A) the GDP deflator
Q26: Hedonic pricing is used to:
A) obtain chain-
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