In his famous article published in an economics journal in 1958,A.W.Phillips
A) used data for the United States to show a negative relationship between the rate of change of the U.S.consumer price index and the U.S.unemployment rate.
B) used data for the United States to show a negative relationship between the rate of change of wages in the U.S.and the U.S.unemployment rate.
C) used data for the United Kingdom to show a negative relationship between the rate of change of the U.K.consumer price index and the U.K.unemployment rate.
D) used data for the United Kingdom to show a negative relationship between the rate of change of wages in the U.K.and the U.K.unemployment rate.
Correct Answer:
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Q3: Economist A.W.Phillips found a negative correlation between
A)output
Q4: There is a
A)short-run tradeoff between inflation and
Q5: Samuelson and Solow argued that when unemployment
Q6: Samuelson and Solow believed that the Phillips
Q7: According to the Phillips curve,policymakers would reduce
Q9: Samuelson and Solow argued that when unemployment
Q10: Samuelson and Solow reasoned that when aggregate
Q11: A.W.Phillips' findings were based on data
A)from 1861-1957
Q13: When aggregate demand shifts right along the
Q140: Samuelson and Solow reasoned that when aggregate
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