Exam 6: Aggregate supply and the phillips curve

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Assume the economy is at full employment.If the Fed accommodates an increase in oil prices by expansionary monetary policy, the most likely long-run effect will be that

(Multiple Choice)

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Question 41

The coordination approach to the Phillips curve focuses on the fact that

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Question 42

A difference between the inflation-expectations-augmented Phillips curve and the Phillips curve that is based on rational expectations is that

(Multiple Choice)

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Question 43

Suppose an increase in oil prices is accompanied by a decline in the level of potential output.Which of the following is the most likely long-run effect?

(Multiple Choice)

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Question 44

The original Phillips curve shows an inverse relationship between

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Question 45

In the medium run the aggregate supply curve is upward sloping since

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Question 46

In the static AD-AS model, what is the most likely long-run outcome of an oil price increase, if no policy change is implemented?

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Question 47

Restrictive monetary policy will eventually affect the upward-sloping AS-curve since

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Question 48

The real (inflation adjusted) price of crude oil

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Question 49

Predictions based on the theory of political business cycles suggest that

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Question 50

Showing 41 - 50 of 50

Assume the economy is at full employment.If the Fed accommodates an increase in oil prices by expansionary monetary policy, the most likely long-run effect will be that

The coordination approach to the Phillips curve focuses on the fact that

A difference between the inflation-expectations-augmented Phillips curve and the Phillips curve that is based on rational expectations is that

Suppose an increase in oil prices is accompanied by a decline in the level of potential output.Which of the following is the most likely long-run effect?

The original Phillips curve shows an inverse relationship between

In the medium run the aggregate supply curve is upward sloping since

In the static AD-AS model, what is the most likely long-run outcome of an oil price increase, if no policy change is implemented?

Restrictive monetary policy will eventually affect the upward-sloping AS-curve since

The real (inflation adjusted) price of crude oil

Predictions based on the theory of political business cycles suggest that

Introduction

National income accounting

Growth and accumulation

Growth and policy

Aggregate supply and demand

Unemployment

Inflation

Policy preview

Income and spending

Money, interest, and income

Monetary and fiscal policy

International linkages

Consumption and saving

Investment spending

The demand for money

The fed, money, and credit

Policy

Financial markets and asset prices

The national debt

Recession and depression

Inflation and hyperinflation

International adjustment and interdependence

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