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Liono4ka [1.6K]
3 years ago
13

An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve dow

n. shifts the short-run Phillips curve up shifts the short-run Phillips curve up moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates on unemployment moves us along the short-run Phillips curve to higher rates on unemployment shifts the long-run Phillips curve to the left.
Business
1 answer:
ZanzabumX [31]3 years ago
7 0

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

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What company did donald trump work for after attending college?
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3 years ago
Which of the following is the term used to describe costs which change day to day, week to week and month to month based on busi
sergij07 [2.7K]

Answer:

Variable costs

Explanation:

Variable costs is the term that describes business costs that vary with the production level. An increase in output increases the variable costs. Variable costs are progressive and increase or decrease with the production volume.

Examples of variable costs include raw material and distribution costs. Variable costs contrast with fixed costs, which remain constant throughout a financial period.

7 0
3 years ago
What is accounting receivable?<br>​
tankabanditka [31]

Answer:

Is the balance of money due to a firm for goods or service delivered or not yet paid

Explanation:

Account are recorded on balance sheet on current account

5 0
2 years ago
Sebastian received a raise this year so his income climbed from $45,000 to $52,000. Last year Sebastian purchased 2 sunglasses.
sveticcg [70]

Answer:

normal good

elastic demand

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

Income elasticity = percentage change in quantity demanded / percentage change in income

percentage change in quantity demanded = (7/2) - 1 = 250%

percentage change in income = (52,000 / 45,000) - 1 = 15.6%

250 / 15.6 =  16.07

If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

5 0
3 years ago
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