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2 years ago

At the point where actual inflation is equal to expected inflation

Business

1 answer:

Yuri [45]2 years ago

6 0

Answer: The short run Phillips curve intersects the long run Phillips curve.

Explanation: The Phillips curve states that unemployment and inflation have an inverse relationship. This means that they move in opposite directions, I.e. If inflation increases then unemployment decreases and vice versa.

In the graph attached the short run Phillips curve is L - shaped and shows the inverse relationship between both variables initially. The long run Phillips curve is a vertical line, and shows that unemployment rate remains steady regardless of inflation rate, in the long term. Where these 2 lines intersect is where actual inflation and expected inflation are the same.

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1 year ago

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2 years ago

Net exports of goods and services is defined as equal to?

Jet001 [13]

A. because The United States and other countries import and export goods for the need of there country.

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2 years ago

A type of manager that supports first line managers is known as

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Answer:

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Explanation:

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2 years ago

Prepare a narrated PowerPoint presentation that will highlight the following items.

vladimir2022 [97]

Answer:

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