Multiple Choice
Because the natural rate of unemployment is not known precisely,policymakers who use it as a guide for policy must be
A) less aggressive with policy changes than they would be if they knew the value of the natural rate.
B) more aggressive with policy changes than they would be if they knew the value of the natural rate.
C) ready to change policy more quickly.
D) aware of other data.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: In the expectations-augmented Phillips curve,π =
Q11: One cost of an unanticipated inflation is
Q12: A COLA is<br>A)a center of labor activity.<br>B)a
Q13: The relationship between inflation and unemployment is
Q14: According to Okun's law,if full-employment output is
Q16: The expectations-augmented Phillips curve is<br>π = π<sup>e</sup>
Q17: Which of the following forms of unemployment
Q18: The long-run Phillips curve is<br>A)vertical.<br>B)horizontal.<br>C)upward sloping.<br>D)downward sloping.
Q19: What is the relation between the unemployment
Q20: When actual inflation is less than expected