Analysis of the Phillips curve reveals that a __________ in unemployment, like that of the early 1980s, is needed to break the cycle of inflationary expectations.
Select one:
a. permanent decrease
b. permanent increase
c. temporary increase
d. temporary decreas

Question

30-11-2022
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Analysis of the Phillips curve reveals that a __________ in unemployment, like that of the early 1980s, is needed to break the cycle of inflationary expectations.
Select one:
a. permanent decrease
b. permanent increase
c. temporary increase
d. temporary decreas

Respuesta :

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RupaBera RupaBera · Answer 1 · 2022-12-02T07:01:11+01:00

According to a Phillips curve analysis, the cycle of inflationary expectations must be broken by a brief rise in unemployment similar to that experienced in the early 1980s.

What is the basis for the Phillips curve?

The economist A.W. Phillips, who studied U.K. unemployment and earnings from 1861 to 1957, is remembered by the name of the Phillips curve. According to Phillips, the rate of wage growth and unemployment rate are inversely related (i.e., wage inflation).

What does the economic Phillips curve mean?

Roberts Curve a curve that depicts the short-term trade-off between unemployment and inflation. demonstrates how changes in the aggregate-demand curve cause the economy to move along the short-run aggregate-supply curve, resulting in combinations of inflation and unemployment.

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Analysis of the Phillips curve reveals that a __________ in unemployment, like that of the early 1980s, is needed to break the cycle of inflationary expectations. Select one: a. permanent decrease b. permanent increase c. temporary increase d. temporary decreas

Respuesta :

What is the basis for the Phillips curve?

What does the economic Phillips curve mean?

Otras preguntas

Analysis of the Phillips curve reveals that a __________ in unemployment, like that of the early 1980s, is needed to break the cycle of inflationary expectations.
Select one:
a. permanent decrease
b. permanent increase
c. temporary increase
d. temporary decreas