Multiple Choice
When actual inflation is less than expected inflation
A) the natural rate of unemployment falls, according to Phillips-curve analysis.
B) cyclical unemployment falls, according to Phillips-curve analysis.
C) there are transfers from borrowers to lenders.
D) there are transfers from lenders to borrowers.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Because the natural rate of unemployment 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
Q21: Both classicals and Keynesians agree that policymakers<br>A)can
Q22: If nominal interest rates have a lower
Q23: Many central banks around the world target
Q24: The Friedman-Phelps analysis shows that a negative
Q25: Based on the expectations-augmented Phillips curve,if the