Multiple Choice
If expectations are formed rationally,wages and prices are not completely flexible in the short run,and policy is correctly anticipated,increases in aggregate demand will stimulate the economy to higher levels of Real GDP and lower levels of unemployment in
A) the short run or the long run.
B) neither the short run nor the long run.
C) the short run,but not in the long run.
D) the long run,but in not the short run.
Correct Answer:
Verified
Correct Answer:
Verified
Q133: Suppose that the Fed implements expansionary monetary
Q134: In which of the following economic theories
Q135: As the price level falls,real wage _and
Q136: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q137: The economy was in long-run equilibrium when
Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q140: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q141: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q142: If stagflation is present the short-run Phillips
Q143: Suppose that in a new classical model