Multiple Choice
Many central banks around the world target an inflation rate of about ________,because of upward bias in measured inflation and to reduce the risk of deflation.
A) -2%.
B) 0%.
C) 2%.
D) 5%.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q21: Both classicals and Keynesians agree that policymakers<br>A)can
Q22: If nominal interest rates have a lower
Q24: The Friedman-Phelps analysis shows that a negative
Q25: Based on the expectations-augmented Phillips curve,if the
Q26: In the expectations-augmented Phillips curve,π =
Q27: Ball's research showed that the sacrifice ratio<br>A)was
Q28: Keynesian macroeconomists argue that the short-run Phillips