Chat with AIExam 17: Macroeconomics: Events and Ideas
Exam 1: First Principles183 Questions
Exam 2: Economic Models: Trade-Offs and Trade341 Questions
Exam 3: Supply and Demand230 Questions
Exam 4: Price Controls and Quotas: Meddling With Markets187 Questions
Exam 5: International Trade224 Questions
Exam 6: Macroeconomics: the Big Picture128 Questions
Exam 7: GDP and the CPI: Tracking the Macroeconomy213 Questions
Exam 8: Unemployment and Inflation300 Questions
Exam 9: Long-Run Economic Growth268 Questions
Exam 10: Savings, Investment Spending, and the Financial Syst355 Questions
Exam 11: Income and Expenditure114 Questions
Exam 12: Aggregate Demand and Aggregate Supply308 Questions
Exam 13: Fiscal Policy120 Questions
Exam 14: Money, Banking, and the Federal Reserve System135 Questions
Exam 15: Monetary Policy316 Questions
Exam 16: Inflation, Disinflation, and Deflation194 Questions
Exam 17: Macroeconomics: Events and Ideas283 Questions
Exam 18: International Macroeconomics411 Questions
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Adam believes that in the long run all prices are flexible and that any increase in the money supply will lead only to inflation, not to an increase in aggregate output. Because the economy would self-correct to long-run equilibrium output, there is no role for either fiscal or monetary policy. Adam is best described as a:
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(31) According to the Great Moderation consensus: I. monetary policy should be the main stabilization tool.
II) the natural rate of unemployment doesn't actually exist.
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