Macro economic misery diminished during the first reagan administration, which means that the phillips curve'

1 answer:

7 0

Had to look for the options and here is my answer. What it means when there is a decrease in the Macro economic misery during the first Reagan administration is that the Phillips Curve has shifted from right to left. This implies that there is an ease of the trade-off between the unemployment and inflation. Hope this answer helps.

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His study had a high level of <em>replicability.</em>

Replicability is, in psychology and other experiments, the ability for the study to consistently produce the same results when conducted multiple times with the exact same procedure. If Kevin was able to conduct his experiment and Malcolm was also able to follow the same procedure and find the same results, then his study is highly replicable.

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Answer: d) think at the margin.

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According to the Ten principles of Economics,it is supposed that a rational person tends to think intelligently and would prefer to make minute changes in the resources while taking decision so that optimal rate can be maintained and additional action can be further thought.

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Answer: $35,000

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