Which of the following statements is correct? A) The short run Phillips curve is negatively sloped B) There is no inflation when the unemployment rate is zero C) The Phillips curve shows a negative correlation between the unemployment rate and GDP growth D) The short run Phillips curve is positively sloped
Q: Explain about one or two specific commodities. How do they appear in the store? What message is the ...
A: In simple word we can say that "Commodity is a good that can be traded and interchangeable with othe...
Q: of the following statements about worker productivity and labor costs are true, EXCEPT: A. work...
A: Worker productivity refers to total output divided by quantity of labor employed. It is also known ...
Q: What is the main purpose of AMLC (Anti-Money Laundering Council? * a. Monitor all transactions of ba...
A: Money laundering refers to the situation when a firm, bank or any other institution make an exchange...
Q: Define what we mean by an countercyclical variable and give an example.
A: Macroeconomics is an important aspect and criteria for a country. Aggregate demand and aggregate sup...
Q: SOURCE 1B Andrei Vyshinsky, the Soviet Union spokesman at the United Nations, speaking at the United...
A: Foreign Aid: It refers to the international transfer of public funds in terms of capital, goods, or ...
Q: temand curve slopes downwards. Which of the following would not od excess supply. Fall in price.
A: Demand and supply can be plotted as bends/curves. The place where the two bends meet is known as the...
Q: A credit union loaned out $50,000, part at an annual rate of 6% and the rest at an annual rate of 12...
A: Let y represent the loan amount loaned at interest rate 6% or 0.06 such that the remaining 50,000-y ...
Q: Jane is saleswoman employed to sell TV sets on a salary and commission basis. Her fixed monthly sala...
A: Total earning of Jane in the month of January = 27,000 Her monthly fixed salary =12,500 Cost of TV s...
Q: QUESTION 38 Compared to a perfectly competitive firm with the same cost structure, a monopoly firm w...
A: In a perfectly competitive market, the firm is price takers and there are a large number of firms in...
Q: The insurance case for family formation refers to OA) life insurance that a spouse might buy so that...
A: Life insurance is a contract between the insurer and the policyholder. Life insurànce ensures that t...
Q: 1. Assume that in an economy the phillips curve is: Att = -0,8 (U-Un) + p Last year's inflation was ...
A: The Phillips curve is an economic concept developed by A. W. Phillips stating that inflation and une...
Q: Assume that there are only two goods in the economy: goods 1 and 2. Further, assume that the markets...
A: (a) Walras law is satisfied when demand is matched with supply for both the goods: QD1 = QS1200- p1 ...
Q: Maria has decided to have a birthday party for 5 of her friends. She needs to buy sausages, bread an...
A: here we find the correct option by the following method as follow;
Q: Find the value of X such that the two cash flow transactions are economically equivalent at 12% comp...
A: Solution:- PV = 800 + 800*[[(1+0.12)n-1)]/[0.12* (1+0.12)n]] =800 + 800[ 1.12^4-1]/[0.12*1.12^4] =$...
Q: 3. Based on each scenario in this question, indicate whether the following statements is true or fal...
A: disclaimer :- as you posted multipart questions we are supposed to solve first 3 questions only as p...
Q: Crop Insurance in the Philippines Only a few farmers are able to pay their loans every time their cr...
A: Crop Insurance Crop insurance is a sort of insurance that protects agricultural producers against th...
Q: man pays his debt in the following manner: P1000 after 1 yr., and decreases P78 every year up to 6th...
A: Given cash flow is Rate of interest =15% compounded annually. G=78
Q: The Finger Lakes region in New York State produces wine. The climate favors white wines, but reds ha...
A: During the production process, any cost incurred before starting the production and does not change ...
Q: QUESTION 12 A price floor is: O a. the lowest price a producer will accept. O b. the lowest price a ...
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost th...
Q: 7 which following statement is true or flase with explaination 1. for a cobb douglas utility functio...
A: Cobb-Douglas function is a utility function of prices and income of the consumers. Monotonic transfo...
Q: Raising the federal funds rate the aggregate demand curve so that equilibrium real GDP and the price...
A: In an economy, federal funds rate is the interest rate that is charged by one financial authority to...
Q: Economic Measurements Structural Characteristics of Developing Nations
A:
Q: Jack has a utility function U(x1x2)=2(x1)(x2)^2 , and the price of x1 is 3$ and the price of x2 is...
A:
Q: Student Work Graphing Supply and Demand Curves 1.Use the data below to create a graph to analyze the...
A: The law of demand states that, keeping other factors unchanged, as the price of a good increases, th...
Q: Y=C t /even when the economy is not in equilibrium
A:
Q: Banks are classified into different categories for efficient regulation of the central monetary a...
A: Banks are classified into different categories in order to meet different demands such as business d...
Q: Use the following information to answer the questions below – Assume the following: (Alk/Akx)> (...
A:
Q: Suppose a company has fixed costs of $53,200 and variable cost per unit of 1/3x + 444 dollars, wher...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: 2. The Balance of Payments (BOP) measures all international transactions between two countries. The ...
A: Disclaimer: Since you posted a question with multiple parts, I am providing you with the answers to ...
Q: Gulf Aluminum Extrusion (GAE) plans to replace its existing extrusion facility with a new one. GAE i...
A: The indifference point is the level of volume at which total costs, and hence profits, are the same ...
Q: Suppose a country is experiencing a situation where output is above the full employment level of out...
A: Full employment is reached where the all resources are used or employed efficiently.
Q: Branches of Economics History of Economic Thoughts
A: Branches of Economics Branches of economics are the micro and macro economics, it is the analysis of...
Q: Pp3
A: A perfectly competitive market refers to the market in which there are many firms that sell the iden...
Q: D1 Price K N D2 D3 Qty P.
A: When the government raises a tax on a good, the supply curve shifts to the left, consumer prices ris...
Q: Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold his CDs for $200. Ho...
A: GDP or the Gross Domestic Product is the final value of all the goods and services produced in an ec...
Q: Give 7 things you need to do to become a better student. Explain each briefly. Give an introduction ...
A: Student:-A student is a person who is a learner and enrolled in a school or other educational instit...
Q: a. Explain briefly what the consumer price index tries to measure? b. Describe three problems that m...
A: a) CPI or Consumer Price Index is a metric/measure that measures the average change in prices paid b...
Q: Poch placed Php2,500,000 in a time deposit that earns 0.75% per annum simple interest. The placement...
A: In this question we have to find out earning of yhe Banker's rule with the help of the above informa...
Q: The utility funetion is u(s1, 12) = ef£2: > 0. The good 1 is a numeraire. Price of 2 is p. Income is...
A: a. Indifference curve for utility level u0 is given by, x1μx2=u0⇒x2=u0x1-μdx2dx1=-μu0x1-μ-1<0 sin...
Q: Lakes region in New York State produces wine. The climate favors white wines, but reds have been pro...
A: A fixed cost is the cost that does not change with output. It remains fixed throughout the period ev...
Q: "Fed Chair Jerome Powell said he supports a traditional quarter-point increase in the Federal Reserv...
A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount borro...
Q: Question 4 The COVID-19 pandemic has created a surge of patients going to hospitals, at times threat...
A: During the COVID 19, with the healthcare implications and with the rising demand of the hospital bed...
Q: TRUE OR FALSE For any economy study based on our discussions, it is always necessary to determine t...
A: For any economy study based on our discussions, it is always necessary to determine the profit to ev...
Q: 6. Mexico and Canada have flexible exchange rates. Suppose the real interest rate in Canada increase...
A: Interest Rate is the cost of borrowing or saving expressed as a percentage of the total amount. Such...
Q: Suppose have the following information concerning income and equilibrium quantitle automobile market...
A: The income elasticity of demand is the responsiveness of the amount demanded for a decent to an adju...
Q: Two methods of carrying away surface runoff water from a new subdivision are being evaluated. • Meth...
A: Equivalent annual cost (EAC) is the annual cost of buying, working, and keeping a resource over its ...
Q: 1. Mansour consumes only peanut butter (X) and jelly (Y) and has the following utility function: U =...
A:
Q: If a firm is enjoying modest accounting profit but incurring significant economic losses, which of t...
A: Here, it is given that a firm is enjoying a high accounting profit, but facing an economic loss.
Q: Consider the production function Y =(AK" L ). Suppose both saving rate (s) and the depreciation rate...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: The income elasticity of Abigail’s demand for CDs is 0,75. For Abigail Cds are a normal good or an i...
A: There is a form of government which is known as democratic government.It has been seen that there is...
Which of the following statements is correct?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What is true along the long-run Phillips curve? A. A labor shortage exists. B. A tradeoff exists between the inflation rate and the unemployment rate. C. The economy is at full employment. D. The inflation rate equals the expected inflation rate and any unemployment rate is possible.Consider the short-run Phillips curve. If the actual unemployment rate falls below the full employment rate of unemployment, it should be expected that: the Phillips curve would shift downwards wages would fall the natural rate of unemployment would fall the inflation rate would increaseOn a given short-run Phillips curve which of the following is held constant? a. the level of GDP b. employment c. the unemployment rate d. expected inflation
- The long−run Phillips curve is a ________ curve, and moving along the long−run Phillips curve an increase in the inflation rate is associated with ________ in the natural unemployment rate. A. horizontal; no change B. downward sloping; no change C. downward sloping; a decrease D. vertical; no change E. upward sloping; an increaseConsider the original presentation of the Phillips Curve, with inflation on the vertical axis and unemployment on the horizontal axis. Which of the following could NOT shift this Phillips Curve upward? an increase in the price of inputs used in production expected higher prices in the future/higher inflation an increase in the average wages of workers an improvement in production technologyFor this question, assume that the Phillips curve equation is represented by the following equation: πt - πt-1 = (m + z) - αut. A reduction in the unemployment rate will cause A) a reduction in the markup over labor costs (i.e., a reduction in m). B) an increase in the markup over labor costs. C) an increase in the inflation rate over time. D) a decrease in the inflation rate over time. E) none of the above
- Which of the following is true about the Phillips curve? Group of answer choices The empirical relationship between unemployment and inflation in the US disappeared after the 1970s. This means that the theoretical Phillips curve does not represent the world well. For a researcher to identify the theoretical Phillips curve from empirical data, the economy must be subject to supply shocks. The empirical Phillips curve implies that a government must choose between either low unemployment and high inflation or high unemployment and low inflation. When inflation expectations adjust, the negative empirical correlation between inflation and unemployment might disappear.Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this time period? The short-run Phillips curve remained stable. The short-run Phillips curve shifted to the left after actual inflation was lower than expected. The short-run Phillips curve shifted to the right after actual inflation was higher than expected.For a number of years Canada and many European countries have had higher average unemployment rates than the United States. The Phillips curve suggests that these countries a. have higher average inflation rates than the United States. b. have long-run Phillips curves to the right of the United States’. c. may have less generous unemployment compensation or lower minimum wages. d. All of the above are consistent with the evidence on unemployment rates.
- What is true along the long-run Phillips curve? A. A labor shortage exists. B. A tradeoff exists between the inflation rate and the unemployment rate. C. The economy is at full employment. D. The inflation rate equals the expected inflation rate and any unemployment rate is possible. th aht thanksThe long-run Phillips curve will be vertical because: unemployment varies with inflation. unemployment is not affected by the inflation rate. the economy will eventually return to the natural rate of unemployment. people care more about the size of their wage, rather than what it can buy.For each of the following scenarios, illustrate the effects of the development on both the short-run and long-run Phillips curves (SRPC and LRPC, respectively). 1. There is a fall in the natural rate of unemployment. 2. There is a decline in expected inflation. 3. There is a fall in government spending. 4. There is a rise in the price of imported oil.