According to the neoclassical view, the phillips curve is

1 answer:

4 0

I believe the answer is: Vertical

Philip curves would be vertical when the market is having a natural rate of employment and this rate of employment wouldn't be affected by the inflation. Neoclassical view would believe that even under inflation, the average supply and demand would still move toward equilibrium, so the employment rate shouldn't be affected as much.

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Albany

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Equity theory can be described as a theory that which tends to determine whether the resources being present to relational partners are equal. The theory of equity measures equity by combining to ratios:

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He should avoid filter words

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