The original Phillips curve illustrates ? – McqOptions

MCQOPTIONS

1.	The original Phillips curve illustrates ?
A.	the trade-off between inflation and unemployment
B.	The trade-off between output and unemployment
C.	The positive relationship between output and unemployment
D.	The positive relationship between inflation and unemployment
Answer» B. The trade-off between output and unemployment

Discussion

No Comment Found

Related MCQs

The average tax rate is ?
The misery index Which some commentators suggest measures the health of the economy, is ?
Sana values a pair of blue jeans at Rs400. If the price is Rs350 Sana buys the jeans and generates consumer surplus of Rs50 Suppose a tax is placed on blue jeans that causes the price of blue jeans to rise to Rs450 Now sana chooses not to buy a pair of?
Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ?
Refer to Exhibit 4. If there is no tax placed on the product in this market, producer surplus is the area ?
The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a ?
If people have rational expectations a monetary policy contraction that is announced and is credible could ?
Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?
A decrease the Price of foreign oil ?
Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ?