Question 1

Use a diagram of aggregate supply and aggregate demand to show the case of cost-push inflation.

Accepted Answer

Cost-push inflation occurs when the cost

Question 2

A tight money policy should be used to fight inflation.

Accepted Answer

A) True 
 B)False

Question 3

Contrast the origins of demand-pull and cost-push inflation. What are the policies that can be used to address each?

Accepted Answer

Demand-pull inflation occurs when the de

Question 4

Use the monetarist equation of exchange to explain why inflation is regarded by many economists as primarily a monetary phenomenon.

Accepted Answer

The monetarist equation of exchange is M

Question 5

The expression MV = PQ is:

Accepted Answer

A)  the equation for the simple money multiplier 
B)  a method of calculating the velocity of bundles of currency dropped from the top of the New York Federal Reserve Bank by the Chair of the Board of Governors 
C)  the equation for calculating the consumer price index 
D)  the incomes policy index 
E)  the monetarist equation of exchange 
A)  the equation for the simple money multiplier 
B)  a method of calculating the velocity of bundles of currency dropped from the top of the New York Federal Reserve Bank by the Chair of the Board of Governors 
C)  the equation for calculating the consumer price index 
D)  the incomes policy index 
E)  the monetarist equation of exchange

Question 6

Inflation benefits people on fixed money incomes.

Accepted Answer

A) True 
 B)False

Use a diagram of aggregate supply and aggregate demand to show the case of cost-push inflation.

A tight money policy should be used to fight inflation.

Contrast the origins of demand-pull and cost-push inflation. What are the policies that can be used to address each?

Use the monetarist equation of exchange to explain why inflation is regarded by many economists as primarily a monetary phenomenon.

The expression MV = PQ is:

Inflation benefits people on fixed money incomes.

Toward a Twenty-First Century Economic Agenda: Goals and Possibilities

The Market Economy: Pure and Simple

Government in the Economy: The Limits of Intervention

The Historical Foundation of American Economic Institutions and Ideas

When Firms Act As Pricemakers: Competition Versus Monopoly

The Economics of Externalities and the Environment

Health-Care Issues

Factor Markets: Pricing and Productivity

The Distribution of Income: Dividing the Economic Pie

Government Expenditures and Taxation

Accounting for Economic Fluctuations: Aggregate Demand and Aggregate Supply Analysis

Maintaining a Rising Level of Output: The Importance of Economic Growth

Employment and Unemployment: Who Is Out of Work and Why

The Federal Debt and Deficit Crisis: The Limits of Fiscal Policy

America in the World: International Trade

America in the World: International Finance

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Exam 15: Keeping Inflation Under Control: The Limits of Monetary Policy

Use a diagram of aggregate supply and aggregate demand to show the case of cost-push inflation.

A tight money policy should be used to fight inflation.

Contrast the origins of demand-pull and cost-push inflation. What are the policies that can be used to address each?

Use the monetarist equation of exchange to explain why inflation is regarded by many economists as primarily a monetary phenomenon.

The expression MV = PQ is:

Inflation benefits people on fixed money incomes.

Toward a Twenty-First Century Economic Agenda: Goals and Possibilities

The Market Economy: Pure and Simple

Government in the Economy: The Limits of Intervention

The Historical Foundation of American Economic Institutions and Ideas

When Firms Act As Pricemakers: Competition Versus Monopoly

The Economics of Externalities and the Environment

Health-Care Issues

Factor Markets: Pricing and Productivity

The Distribution of Income: Dividing the Economic Pie

Government Expenditures and Taxation

Accounting for Economic Fluctuations: Aggregate Demand and Aggregate Supply Analysis

Maintaining a Rising Level of Output: The Importance of Economic Growth

Employment and Unemployment: Who Is Out of Work and Why

The Federal Debt and Deficit Crisis: The Limits of Fiscal Policy

America in the World: International Trade

America in the World: International Finance

Filters