The equilibrium inflation rate is determined by the intersection of _____ and _____?

Related Mcqs:

The classical model of macroeconomics assumes ?

A. wages and prices are sticky B. wages and prices are flexible C. the economy may operate below full capacity D. the economy is always at full capacity E. A and C F. B and D...

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A. inflation B. a supply shock C. crowding out D. inflation illusion...

The Phillips curve indicates that there is a ?

A. negative relationship between the inflation rate and labor demand B. positive relationship between labor supply and the inflation rate C. positive relationship between the inflation rate and the employment the D. negative relationship between the inflation rate and the unemployment rate...

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

A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...

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...