Multiple Choice
Which of the following situations generally exists when deflation occurs?
A) Inflation and unemployment are both decreasing.
B) The price level is decreasing.
C) The rate of inflation is falling.
D) The natural rate of unemployment is zero.
E) Inflation and unemployment are both increasing.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Explain how changes in the proportion of
Q6: Assume that the Phillips curve equation is
Q7: Hysteresis in the labour market refers to:<br>A)
Q8: The "Lucas critique" is that:<br>A) macro data
Q9: An increase in the price of oil
Q10: Given the Phillips curve equation: nt =
Q12: A disinflation refers to a situation where:<br>A)
Q15: Which of the following assumptions best characterised
Q16: A number of factors are believed to
Q27: Briefly comment on the predictions of economists