Exam 15: Inflation: Phillips Curves and Neo-Fisherism

In a two-good,one-period model,an increase in the terms of trade when good b is initially imported implies

In a two-good,two-period model with trade,a negative total factor productivity shock abroad

In a two-good,one-period model,when the terms of trade move in your favor,the welfare of the representative consumer

According to a study by Enrique Mendoza,for all of the economies in the world,on average,terms of trade shocks account for

When current account deficits are used to finance investment spending,such deficits may be self-correcting because

A current account surplus is defined as

In a two-good,two-period model with trade,an increase in the world real interest rate

In two-good,one-period model,when the terms of trade move against you,

In a two-good,one-period model,an increase in the terms of trade when Good a is initially imported is caused by

One of the reasons why the growth in world trade has occurred is due to

An increase in total factor productivity in a closed economy

When the SOE can trade with the rest of the world,which of the following must be true?

In a two-good economy,the slope of the PPF is

An increase in total factor productivity has different effects in an open economy relative to a closed economy because

In a two-good,two-period model,as long as wealth effects are small,an increase in the world real interest rate

In a two-good,two-period model,holding everything else constant,an increase in government spending

An important result in the small open economy is that the representative consumer will always be better off

Absorption can be defined as

In a two-good,two-period model with trade,an increase in current domestic total factor productivity

The behavior of the current account deficit and the government budget deficit in Canada in 1973-1975 and during the period of the early 1990s to 2002 is often referred to as the