Exam 15: A Dynamic Model of Economic Fluctuations

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Use the model of dynamic aggregate demand and aggregate supply to compare the time paths of output and inflation in response to a one-period positive demand shock versus a one-period positive supply shock.

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Question 101

According to the Phillips curve, the inflation rate depends on all of the following except:

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Question 102

Which of the following would be represented by a positive value of the random demand shock, $\varepsilon$ _t?

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Question 103

Which of the following is not held constant along a dynamic aggregate demand curve?

(Multiple Choice)

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Question 104

Fill in the blanks: As a dynamic response to supply shock in the short-run, the DAS curve shifts (say in period t) _____ while the DAD curve _, causing inflation to _ and output to _______.

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Question 105

The dynamic aggregate demand curve will shift to the right if there is a:

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Question 106

The dynamic aggregate supply curve is derived from which of the five equations of the model of aggregate demand and aggregate supply?

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Question 107

Graphs that illustrate the time paths of endogenous variables when a shock hits the economy are called:

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Question 108

Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the period in which a positive supply shock occurs, output _ and inflation _.

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Question 109

In the specification of adaptive expectation used in the dynamic model of aggregate demand and aggregate supply, people at time t - 1 forecast the inflation rate in time period t will be:

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Question 110

Showing 101 - 110 of 110

Use the model of dynamic aggregate demand and aggregate supply to compare the time paths of output and inflation in response to a one-period positive demand shock versus a one-period positive supply shock.

According to the Phillips curve, the inflation rate depends on all of the following except:

Which of the following would be represented by a positive value of the random demand shock, $\varepsilon$ _t?

Which of the following is not held constant along a dynamic aggregate demand curve?

Fill in the blanks: As a dynamic response to supply shock in the short-run, the DAS curve shifts (say in period t) _____ while the DAD curve _, causing inflation to _ and output to _______.

The dynamic aggregate demand curve will shift to the right if there is a:

The dynamic aggregate supply curve is derived from which of the five equations of the model of aggregate demand and aggregate supply?

Graphs that illustrate the time paths of endogenous variables when a shock hits the economy are called:

Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the period in which a positive supply shock occurs, output _ and inflation _.

In the specification of adaptive expectation used in the dynamic model of aggregate demand and aggregate supply, people at time t - 1 forecast the inflation rate in time period t will be:

The Science of Macroeconomics

The Data of Macroeconomics

National Income: Where It Comes From and Where It Goes

The Monetary System: What It Is and How It Works

Inflation: Its Causes, Effects, and Social Costs

The Open Economy

Unemployment and the Labor Market

Economic Growth I: Capital Accumulation and Population Growth

Economic Growth II: Technology, Empirics, and Policy

Introduction to Economic Fluctuations

Aggregate Demand I: Building the Is-Lm Model

Aggregate Demand Ii: Applying the Is-Lm Model

The Open Economy Revisited: the Mundell-Fleming Model and the Exchange-Rate Regime

Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Understanding Consumer Behavior

The Theory of Investment

Alternative Perspectives on Stabilization Policy

Government Debt and Budget Deficits

The Financial System: Opportunities and Dangers

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Exam 15: A Dynamic Model of Economic Fluctuations

Use the model of dynamic aggregate demand and aggregate supply to compare the time paths of output and inflation in response to a one-period positive demand shock versus a one-period positive supply shock.

According to the Phillips curve, the inflation rate depends on all of the following except:

Which of the following would be represented by a positive value of the random demand shock, ε\varepsilonε t?

Which of the following is not held constant along a dynamic aggregate demand curve?

Fill in the blanks: As a dynamic response to supply shock in the short-run, the DAS curve shifts (say in period t) ___________ while the DAD curve ___________, causing inflation to ___________ and output to _____________.

The dynamic aggregate demand curve will shift to the right if there is a:

The dynamic aggregate supply curve is derived from which of the five equations of the model of aggregate demand and aggregate supply?

Graphs that illustrate the time paths of endogenous variables when a shock hits the economy are called:

Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the period in which a positive supply shock occurs, output _____ and inflation _____.

In the specification of adaptive expectation used in the dynamic model of aggregate demand and aggregate supply, people at time t - 1 forecast the inflation rate in time period t will be:

The Science of Macroeconomics

The Data of Macroeconomics

National Income: Where It Comes From and Where It Goes

The Monetary System: What It Is and How It Works

Inflation: Its Causes, Effects, and Social Costs

The Open Economy

Unemployment and the Labor Market

Economic Growth I: Capital Accumulation and Population Growth

Economic Growth II: Technology, Empirics, and Policy

Introduction to Economic Fluctuations

Aggregate Demand I: Building the Is-Lm Model

Aggregate Demand Ii: Applying the Is-Lm Model

The Open Economy Revisited: the Mundell-Fleming Model and the Exchange-Rate Regime

Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Understanding Consumer Behavior

The Theory of Investment

Alternative Perspectives on Stabilization Policy

Government Debt and Budget Deficits

The Financial System: Opportunities and Dangers

Filters

Which of the following would be represented by a positive value of the random demand shock, $\varepsilon$ _t?

Fill in the blanks: As a dynamic response to supply shock in the short-run, the DAS curve shifts (say in period t) _____ while the DAD curve _, causing inflation to _ and output to _______.

Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the period in which a positive supply shock occurs, output _ and inflation _.