Exam 17: New Classical Macro and New Keynesian Macro

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Gordon presents several modern business cycle theories.He clearly states after all have been explained that he believes the most plausible of them to be the ________ model.

(Multiple Choice)

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Question 161

The natural real GDP will ________ following a fall in energy prices because

(Multiple Choice)

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Question 162

Consider an adverse supply shock in the RBC model.The central bank knows that the pre-shock level of output

(Multiple Choice)

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Question 163

Figure 17-2 represents a monopolist faced with a decrease in the demand for her product.She initially charges P₀ and produces Q0. Figure 17-2 -If the firm is able to reduce MC from MC₀ to MC₁ the firm will produce at point on the new demand curve and lower price to .

(Multiple Choice)

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Question 164

Countries with stable inflation rates tend to have ________ SAS curves.

(Multiple Choice)

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Question 165

A principle difference between the original Keynesian model and the new Keynesian model is that in the new version

(Multiple Choice)

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Question 166

About what percentage of the U.S.labor force works under union wage contracts?

(Multiple Choice)

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Question 167

While much of New Classical macroeconomics is being refuted by the evidence,at least one part of it may be a permanent legacy to all macroeconomists: the assumption of

(Multiple Choice)

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Question 168

Figure 17-1 -In the Friedman "Fooling Model" if P(e)is less than P then the labor supply curve in Figure 17-1 above

(Multiple Choice)

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Question 169

If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns,then in the short-run

(Multiple Choice)

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Question 170

Showing 161 - 170 of 170

Gordon presents several modern business cycle theories.He clearly states after all have been explained that he believes the most plausible of them to be the ________ model.

The natural real GDP will ________ following a fall in energy prices because

Consider an adverse supply shock in the RBC model.The central bank knows that the pre-shock level of output

Figure 17-2 represents a monopolist faced with a decrease in the demand for her product.She initially charges P₀ and produces Q0. Figure 17-2 -If the firm is able to reduce MC from MC₀ to MC₁ the firm will produce at point on the new demand curve and lower price to .

Countries with stable inflation rates tend to have ________ SAS curves.

A principle difference between the original Keynesian model and the new Keynesian model is that in the new version

About what percentage of the U.S.labor force works under union wage contracts?

While much of New Classical macroeconomics is being refuted by the evidence,at least one part of it may be a permanent legacy to all macroeconomists: the assumption of

Figure 17-1 -In the Friedman "Fooling Model" if P(e)is less than P then the labor supply curve in Figure 17-1 above

If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns,then in the short-run

What Is Macroeconomics

The Measurement of Income,prices,and Unemployment

Income and Interest Rates: the Keynesian Cross Model and the Is Curve

Strong and Weak Policy Effects in the Is-Lm Model

Financial Markets, financial Regulation, and Economic Instability

The Government Budget, the Government Debt, and the Limitations of Fiscal Policy

International Trade, exchange Rates, and Macroeconomic Policy

Aggregate Demand, aggregate Supply, and the Great Depression

Inflation: Its Causes and Cures

The Goals of Stabilization Policy: Low Inflation and Low Unemployment

The Theory of Economic Growth

The Big Questions of Economic Growth

Money,banks,and the Federal Reserve

The Goals, tools, and Rules of Monetary Policy

The Economics of Consumption Behavior

The Economics of Investment Behavior

Conclusion: Where We Stand

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Exam 17: New Classical Macro and New Keynesian Macro

Gordon presents several modern business cycle theories.He clearly states after all have been explained that he believes the most plausible of them to be the ________ model.

The natural real GDP will ________ following a fall in energy prices because

Consider an adverse supply shock in the RBC model.The central bank knows that the pre-shock level of output

Figure 17-2 represents a monopolist faced with a decrease in the demand for her product.She initially charges P₀ and produces Q0. Figure 17-2 -If the firm is able to reduce MC from MC₀ to MC₁ the firm will produce at point ________ on the new demand curve and lower price to ________.

Countries with stable inflation rates tend to have ________ SAS curves.

A principle difference between the original Keynesian model and the new Keynesian model is that in the new version

About what percentage of the U.S.labor force works under union wage contracts?

While much of New Classical macroeconomics is being refuted by the evidence,at least one part of it may be a permanent legacy to all macroeconomists: the assumption of

Figure 17-1 -In the Friedman "Fooling Model" if P(e)is less than P then the labor supply curve in Figure 17-1 above

If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns,then in the short-run

What Is Macroeconomics

The Measurement of Income,prices,and Unemployment

Income and Interest Rates: the Keynesian Cross Model and the Is Curve

Strong and Weak Policy Effects in the Is-Lm Model

Financial Markets, financial Regulation, and Economic Instability

The Government Budget, the Government Debt, and the Limitations of Fiscal Policy

International Trade, exchange Rates, and Macroeconomic Policy

Aggregate Demand, aggregate Supply, and the Great Depression

Inflation: Its Causes and Cures

The Goals of Stabilization Policy: Low Inflation and Low Unemployment

The Theory of Economic Growth

The Big Questions of Economic Growth

Money,banks,and the Federal Reserve

The Goals, tools, and Rules of Monetary Policy

The Economics of Consumption Behavior

The Economics of Investment Behavior

Conclusion: Where We Stand

Filters

Figure 17-2 represents a monopolist faced with a decrease in the demand for her product.She initially charges P₀ and produces Q0. Figure 17-2 -If the firm is able to reduce MC from MC₀ to MC₁ the firm will produce at point on the new demand curve and lower price to .