Question 1

In the Basic New Keynesian model, the Phillips curve specifies that, when the anticipated future rate of inflation increases, inflation

Accepted Answer

A)  increases more than one-for-one. 
B)  increases one-for-one. 
C)  increases less than one-for-one. 
D)  stays the same. 
E)  decreases. 
A)  increases more than one-for-one. 
B)  increases one-for-one. 
C)  increases less than one-for-one. 
D)  stays the same. 
E)  decreases.

Question 2

Taylor's simplified 1993 rule states that

Accepted Answer

A)  the nominal interest rate increases less than one-for-one with the inflation rate. 
B)  the nominal interest rate increases one-for-one with the natural real rate of interest. 
C)  the zero lower bound is irrelevant. 
D)  the nominal interest rate increases one-for-one with the inflation rate. 
E)  the nominal interest rate should not depend on the natural real rate of interest. 
A)  the nominal interest rate increases less than one-for-one with the inflation rate. 
B)  the nominal interest rate increases one-for-one with the natural real rate of interest. 
C)  the zero lower bound is irrelevant. 
D)  the nominal interest rate increases one-for-one with the inflation rate. 
E)  the nominal interest rate should not depend on the natural real rate of interest.

Question 3

Thomas Sargent studied hyperinflations that occurred when?

Accepted Answer

A)  in the 19th century 
B)  during the 1970s 
C)  during the Great Recession 
D)  during the Great Depression 
E)  in the 1920s 
A)  in the 19th century 
B)  during the 1970s 
C)  during the Great Recession 
D)  during the Great Depression 
E)  in the 1920s

In the Basic New Keynesian model, the Phillips curve specifies that, when the anticipated future rate of inflation increases, inflation

Taylor's simplified 1993 rule states that

Thomas Sargent studied hyperinflations that occurred when?

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

Income Disparity among Countries and Endogenous Growth

A Two-Period Model: The Consumption–Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking: A Deeper Look

Filters

Exam 15: Inflation: Phillips Curves and Neo-Fisherism

In the Basic New Keynesian model, the Phillips curve specifies that, when the anticipated future rate of inflation increases, inflation

Taylor's simplified 1993 rule states that

Thomas Sargent studied hyperinflations that occurred when?

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

Income Disparity among Countries and Endogenous Growth

A Two-Period Model: The Consumption–Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking: A Deeper Look

Filters