The positive relationship between the unexpected inflation rate and the output gap is known as the _____curve.
A) Phillips
B) Phillips.
C) short-run aggregate supply
D) short-run aggregate supply.
E) long-run Phillips.
F) long-run Phillips
G) aggregate demand.
H) aggregate demand
Correct Answer:
Verified
Q121: Can a temporary inflation shock lead to
Q122: When there is a positive output gap,
Q123: According to the labor market Phillips curve,
Q124: In the short run, a lower _
Q125: The labor market Phillips curve shows:
A)a direct
Q126: If there has been a leftward movement
Q127: If there has been a rightward movement
Q129: Suppose that a fall in commodity prices
Q130: Along the labor market Phillips curve:
A)consumption depends
Q131: The labor market Phillips curve is:
A)upward sloping
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