The Phillips curve shows the trade-off between _____ and _____?

Related Mcqs:

An unspoken agreement between workers and firms that the firm will not cut wages is known as ?

A. an implicit or social contract B. a relative-wage contract C. employment at will D. an explicit contract...

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

A. price level, aggregate economy B. tax rate, government budget C. wage rate, labor market D. interest rate, market for loanable funds...

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

A. Smaller B. Larger C. the same size D. None of these...

Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?

A. a high rate of inflation: along with a low rate of unemployment B. simultaneously low rates of inflation and unemployment C. simultaneously high rates of inflation and unemployment D. a high rate of unemployment along with a low rate of inflation...

A person who is made redundant because of the contraction of an industry is a victim of ?

A. frictional unemployment B. demand-deficient unemployment C. classical unemployment D. structural unemployment...