The statement is true. The reason behind the flattening of Phillip's curve is - As the prices become more flexible and the output gap becomes less volatile and less correlated with the output deviation. As a result, inflation which is directly related to output gap less correlated with output deviation.
define the following statement, is it true, false or uncertain? please answer in detailed explanation. A.4...
. For each statement below, state whether it is true, false, or uncertain. Explain your answer. a. An unemployment rate that is close to zero indicates that the economy is strong b. An economy's inflation rate can be calculated as the year-to-year percentage change in its GDP deflator or its CPI. Both methodologies however lead to the same inflation rate c. High structural unemployment could eventually lower the labor force participation rate d. Suppose you find that Uganda's Lorenz curve...
Please answer with detailed explanation. Answer the following with TRUE or FALSE. It is good practice to justify your answer (a) The absolute difference in the SS E values may be used to assess which of the models fits better (b) If factor A effects are present, we would expect there to be a significant difference in at least one pair-wise comparison of factor A means. (c) The maximum value of a conditional or partial R2 is 1. (d) The...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) SPECIAL ARTICLES tole of Monetary Policy C Rangarajan What should be the objectives of monetary policy? Does the objective of price stability conflict with the goal of achieving...