Multiple Choice
If aggregate demand increases and expectations regarding inflation remain constant:
A) the long- run Phillips curve shifts to the right.
B) the economy moves left along the short- run Phillips curve.
C) the short- run Phillips curve shifts to the right.
D) the short- run Phillips curve shifts to the left.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Recall Application 2, "Increased Political Independence for
Q4: Recall Application 3, "Hyperinflation in Zimbabwe," to
Q5: An increase in the real GDP can
Q6: If prices increase by 4 percent and
Q7: From 1992- 1993, the U.S. economy experienced
Q9: If nominal GDP is $700 billion and
Q10: If the money supply is currently $100
Q11: Recall Application 3, "Hyperinflation in Zimbabwe," to
Q12: Suppose that the money supply is $150
Q13: When using rational expectations, all information available