Question 1

Conservative policies that aim for a 0 percent inflation rate would be most fervently supported by

Accepted Answer

A)  labor unions. 
B)  manufacturers. 
C)  banks and insurance companies. 
D)  politicians. 
A)  labor unions. 
B)  manufacturers. 
C)  banks and insurance companies. 
D)  politicians.

Question 2

Since the mid-1990s, inflation has averaged less than 4 percent.

Accepted Answer

A) True 
 B)False

Question 3

Radicals argue that inflation versus unemployment is a false trade-off because

Accepted Answer

A)  the monetary authorities are mostly concerned with keeping real wages down, not how low the unemployment rate gets. 
B)  the government can always employ workers at any rate of inflation. 
C)  the government always overstates measured inflation. 
D)  the Federal Reserve Board does not have a good measure of money. 
A)  the monetary authorities are mostly concerned with keeping real wages down, not how low the unemployment rate gets. 
B)  the government can always employ workers at any rate of inflation. 
C)  the government always overstates measured inflation. 
D)  the Federal Reserve Board does not have a good measure of money.

Question 4

"Monetarism" presumes what kind of relationship between output and money supply growth?

Accepted Answer

A)  No relationship. 
B)  An inverse relationship. 
C)  A stable and predictable relationship. 
D)  Cannot be determined because money and credit are always "neutral" factors. 
A)  No relationship. 
B)  An inverse relationship. 
C)  A stable and predictable relationship. 
D)  Cannot be determined because money and credit are always "neutral" factors.

Conservative policies that aim for a 0 percent inflation rate would be most fervently supported by

Since the mid-1990s, inflation has averaged less than 4 percent.

Radicals argue that inflation versus unemployment is a false trade-off because

"Monetarism" presumes what kind of relationship between output and money supply growth?

Responding to Market Outcomes: Competitionor Protection for American Agriculture

Consumer Welfare: Is It Necessary to Protect the Consumer

Dealing With Externalities: How Can We Save the Environment

Imperfect Competition: Is Big Business a Threat or a Boon

Economic Regulation Which Path: Deregulation or Reregulation

Income Distribution: Does America Have an Income Inequality Problem

Financing Government: What Is a Fair System of Taxation

Macroeconomic Instability: Are We Depression-Proof

Economic Growth and Stability: Can We Maintain High and Steady Rates of Economic Growth

Balancing the Federal Budget: Should We Be Worried About the Rising Federal Deficit

Unemployment: Is Joblessness an Overrated Problem

The New Population Problem: Can We Save Our Social Security System

International Economics: Where Does America Fit Into the New World Order

Ideological Differences and Justifications for Planning in Economics

Filters

Exam 12: Inflation: Can Price Pressures Be Kept Under Control

Conservative policies that aim for a 0 percent inflation rate would be most fervently supported by

Since the mid-1990s, inflation has averaged less than 4 percent.

Radicals argue that inflation versus unemployment is a false trade-off because

"Monetarism" presumes what kind of relationship between output and money supply growth?

Responding to Market Outcomes: Competitionor Protection for American Agriculture

Consumer Welfare: Is It Necessary to Protect the Consumer

Dealing With Externalities: How Can We Save the Environment

Imperfect Competition: Is Big Business a Threat or a Boon

Economic Regulation Which Path: Deregulation or Reregulation

Income Distribution: Does America Have an Income Inequality Problem

Financing Government: What Is a Fair System of Taxation

Macroeconomic Instability: Are We Depression-Proof

Economic Growth and Stability: Can We Maintain High and Steady Rates of Economic Growth

Balancing the Federal Budget: Should We Be Worried About the Rising Federal Deficit

Unemployment: Is Joblessness an Overrated Problem

The New Population Problem: Can We Save Our Social Security System

International Economics: Where Does America Fit Into the New World Order

Ideological Differences and Justifications for Planning in Economics

Filters