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Macroeconomic Questions - Supply Curve, Interest Rates, Phillips Curve

Supply Curve, Interest Rates, Phillips Curve. See attached file for full problem description.

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1. b A lower price in an input will cause sellers to supply the more at a given price, and the supply curve will shift to the right
2. d
3. b After-tax interest rate is the interest rate you pay on a loan after deducting interest expense.
4. a
5. b In the long run, only a single rate of unemployment is consistent with a stable inflation rate. The long-run PC is thus ...

Solution Summary

Multiple choice macroeconomic questions related to Supply Curve, Interest Rates, Phillips Curve.

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