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

Related Mcqs:

The expectations augmented Phillips curve was the Work of which group of economists ?

A. New classical economists B. Keynesian. C. Monetarists D. Marxists....

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...

In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?

A. the long-run aggregate demand curve is horizontal at the natural rate of inflation B. the long run aggregate demand curve is vertical at potential GDP C. the long run aggregate demand curve is vertical at potential GDP D. The long run supply curve is horizontal at the natural rate of inflation...

Potential GDP is the level of aggregate output ?

A. that can be produced if structural unemployment is zero B. that can be produced at a zero-unemployment rate C. that can be sustained in the long run without inflation D. that can be sustained in the long run, if the inflation rate is zero...

The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?

A. increase reduce B. increase, increase C. reduce, increase D. reduce, reduce...