According to the Phillips curve:
A) There is no short run trade-off between the two variables.
B) There is no long-term trade-off between the two variables.
C) Inflation is due to government actions.
D) The economy is always in long run equilibrium.
Correct Answer:
Verified
Q1: Demand-pull inflation occurs when:
A) Aggregate supply is
Q2: Cost-push inflation might be caused by:
A) An
Q3: Which of the following is not a
Q4: An increase in the money supply is
Q5: The Phillips curve shows the relationship between:
A)
Q7: When inflation is 2%:
A) All prices in
Q8: Inflation means all prices are increasing.
Q9: In the liquidity trap an increase in
Q10: If prices in general are falling this
Q11: The inflation target in the UK for
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