Answer to Question #109478 in Macroeconomics for Sthabile

Question

A.The original Philips curve....1.indicates the inverse relationship between the inflation rate and the unemployment rate2.illustrate the positive relationship between the inflation rate and the unemployment rate3.shows the phenomenon of stagflation 4.shifts to the right when aggregate demand increases.B.To reduce structural unemployment in South Africa,the government should...1.take steps to reduce population growth 2.apply stricter immigration control 3.raises taxes and increase government spending to boost aggregate demand 4.make education and training available to everyone who is will to improve their skills.

Answer 1

A.1; B.4