A) a rise in the interest rate. B) a one- time decrease in the quantity of money. C) a one- time increase in the quantity of money. D) an increase in the growth rate of the money stock. E) a decrease in the growth rate of the money stock. A) a rise in the interest rate. B) a one- time decrease in the quantity of money. C) a one- time increase in the quantity of money. D) an increase in the growth rate of the money stock. E) a decrease in the growth rate of the money stock.

Exam 12: The Business Cycle, Inflation, and Deflation

Use the figure below to answer the following questions. Figure 12.1.1 -Refer to Figure 12.1.1.Suppose the economy moves from point D to point B.According to the monetarist theory of the business cycle, what could have caused this movement?

(Multiple Choice)

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Question 21

Suppose that in response to a decrease in real interest rates, a person decides to reduce his supply of labour today and increase it in the future.This behaviour is most consistent with the

(Multiple Choice)

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Question 22

Suppose aggregate demand increases by more than expected.Which of the following does not occur?

(Multiple Choice)

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Question 23

The _______ cycle theory states that only unexpected fluctuations in aggregate demand bring fluctuations in real GDP around potential GDP.

(Multiple Choice)

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Question 24

According to real business cycle theory, workers' decisions to work now versus later depend on

(Multiple Choice)

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Question 25

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.The vertical distance between SAS₀and SAS₁represents the

(Multiple Choice)

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Question 26

Which one of the following can start a demand- pull inflation?

(Multiple Choice)

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Question 27

An increase in the expected rate of inflation shifts the

(Multiple Choice)

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Question 28

Deflation occurs when

(Multiple Choice)

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Question 29

Use the table below to answer the following questions. Table 12.4.1 -Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, what is the natural unemployment rate?

(Multiple Choice)

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Question 30

If the unemployment rate rises and the inflation rate falls, while the natural unemployment rate and the expected inflation rate remain constant, then we are studying a movement along the

(Multiple Choice)

4.9/5

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Question 31

Stagflation occurs when the economy experiences both a

(Multiple Choice)

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Question 32

Deflation ends with

(Multiple Choice)

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Question 33

A cost- price inflation spiral results if the policy response to stagflation is to keep

(Multiple Choice)

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Question 34

An economy is in long- run equilibrium when aggregate supply unexpectedly decreases.Then real GDP ceteris paribus) will be

(Multiple Choice)

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(25)

Question 35

An increase in the price level due to an increase in the price of oil

(Multiple Choice)

4.8/5

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Question 36

_______ states that the main source of economic fluctuations is fluctuations in business confidence.

(Multiple Choice)

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Question 37

An unanticipated deflation does all of the following except

(Multiple Choice)

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Question 38

Use the table below to answer the following questions. Table 12.4.2 - The economy's natural unemployment rate is 4 percent.Table 12.4.2 gives some points on the economy's short- run Phillips curve.When the unemployment rate is 4 percent,

(Multiple Choice)

4.8/5

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Question 39

If the inflation rate is lower than the expected inflation rate,

(Multiple Choice)

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Question 40

Showing 21 - 40 of 105

Use the figure below to answer the following questions. Figure 12.1.1 -Refer to Figure 12.1.1.Suppose the economy moves from point D to point B.According to the monetarist theory of the business cycle, what could have caused this movement?

Suppose that in response to a decrease in real interest rates, a person decides to reduce his supply of labour today and increase it in the future.This behaviour is most consistent with the

Suppose aggregate demand increases by more than expected.Which of the following does not occur?

The _______ cycle theory states that only unexpected fluctuations in aggregate demand bring fluctuations in real GDP around potential GDP.

According to real business cycle theory, workers' decisions to work now versus later depend on

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.The vertical distance between SAS₀and SAS₁represents the

Which one of the following can start a demand- pull inflation?

An increase in the expected rate of inflation shifts the

Deflation occurs when

Use the table below to answer the following questions. Table 12.4.1 -Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, what is the natural unemployment rate?

If the unemployment rate rises and the inflation rate falls, while the natural unemployment rate and the expected inflation rate remain constant, then we are studying a movement along the

Stagflation occurs when the economy experiences both a

Deflation ends with

A cost- price inflation spiral results if the policy response to stagflation is to keep

An economy is in long- run equilibrium when aggregate supply unexpectedly decreases.Then real GDP ceteris paribus) will be

An increase in the price level due to an increase in the price of oil

_______ states that the main source of economic fluctuations is fluctuations in business confidence.

An unanticipated deflation does all of the following except

Use the table below to answer the following questions. Table 12.4.2 - The economy's natural unemployment rate is 4 percent.Table 12.4.2 gives some points on the economy's short- run Phillips curve.When the unemployment rate is 4 percent,

If the inflation rate is lower than the expected inflation rate,

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

Exam 12: The Business Cycle, Inflation, and Deflation

Use the figure below to answer the following questions. Figure 12.1.1 -Refer to Figure 12.1.1.Suppose the economy moves from point D to point B.According to the monetarist theory of the business cycle, what could have caused this movement?

Suppose that in response to a decrease in real interest rates, a person decides to reduce his supply of labour today and increase it in the future.This behaviour is most consistent with the

Suppose aggregate demand increases by more than expected.Which of the following does not occur?

The _______ cycle theory states that only unexpected fluctuations in aggregate demand bring fluctuations in real GDP around potential GDP.

According to real business cycle theory, workers' decisions to work now versus later depend on

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.The vertical distance between SAS0 and SAS1 represents the

Which one of the following can start a demand- pull inflation?

An increase in the expected rate of inflation shifts the

Deflation occurs when

Use the table below to answer the following questions. Table 12.4.1 -Refer to Table 12.4.1.The table gives points on a short- run Phillips curve.If the expected inflation rate is 10 percent, what is the natural unemployment rate?

If the unemployment rate rises and the inflation rate falls, while the natural unemployment rate and the expected inflation rate remain constant, then we are studying a movement along the

Stagflation occurs when the economy experiences both a

Deflation ends with

A cost- price inflation spiral results if the policy response to stagflation is to keep

An economy is in long- run equilibrium when aggregate supply unexpectedly decreases.Then real GDP ceteris paribus) will be

An increase in the price level due to an increase in the price of oil

_______ states that the main source of economic fluctuations is fluctuations in business confidence.

An unanticipated deflation does all of the following except

Use the table below to answer the following questions. Table 12.4.2 - The economy's natural unemployment rate is 4 percent.Table 12.4.2 gives some points on the economy's short- run Phillips curve.When the unemployment rate is 4 percent,

If the inflation rate is lower than the expected inflation rate,

What Is Economics

The Economic Problem

Demand and Supply

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers

Fiscal Policy

Monetary Policy

International Trade Policy

Filters

Use the figure below to answer the following questions. Figure 12.2.2 -Refer to Figure 12.2.2.The vertical distance between SAS₀and SAS₁represents the