In the Phillips curve is:
A) a demand shock.
B) an inflation shock.
C) a measure of the sensitivity of inflation to demand conditions.
D) a permanent price trend.
E) fiscal policy shock.

Question

In the Phillips curve  is:
A) a demand shock. 
B) an inflation shock. 
C) a measure of the sensitivity of inflation to demand conditions. 
D) a permanent price trend. 
E) fiscal policy shock.

Quizplus · Accepted Answer

The Answer of In the Phillips curve  is:
A) a demand shock. 
B) an inflation shock. 
C) a measure of the sensitivity of inflation to demand conditions. 
D) a permanent price trend. 
E) fiscal policy shock.

In the Phillips Curve Is