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Kitty [74]
2 years ago
6

The Phillips curve was first suggested as a description of the relationship between inflation and unemployment in the late 1950s

, and data through the 1960s were consistent with its predictions. What happened in the 1970s?
Business
2 answers:
Sholpan [36]2 years ago
7 0

Answer:

HIGH INFLATION and high unemployment in the United States undermined the Phillips hypothesis.

Explanation:

Mkey [24]2 years ago
5 0

Answer: High inflation and high unemployment in the United States undermined the Phillips hypothesis.

Explanation:

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What is generally TRUE about earning an income?
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I think it could possibly be d?
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Read 2 more answers
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease.
azamat

Answer:

The correct answer is option d.

Explanation:

An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.

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A decrease in the supply will cause the quantity demanded to decrease and price to increase.

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3 years ago
Differential Analysis for a Lease or Sell Decision Granite Construction Company is considering selling excess machinery with a b
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Answer and Explanation:

The preparation of the differential analysis is presented below:

<u>Particulars   Lease Machinery Sell Machinery Differential Effect on Income </u>

Revenues     $284,900             $275,700              $9,200

Costs            $24,600                $13,785                 $10,815

Income (Loss) $260,300          $261,915              -$1,615

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