In a Graph of Unemployment Rates (On the Horizontal Axis)versus

question 249

Multiple Choice

In a graph of unemployment rates (on the horizontal axis) versus inflation rates (on the vertical axis) ,the short-run Phillips Curve is

• A)downward sloping.
• B)horizontal.
• C)vertical.
• D)upward sloping.

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Definitions:

Quoted Price

The existing rate at which an asset or service can be sold or purchased.

Selling Price

The amount of money for which a product or service is sold to customers.

Face Value

The original cost of a bond or the principal balance to be paid back at maturity, excluding interest.

Market Interest Rate

The prevailing rate at which interest is charged on loans and bonds in the broader financial market.