Multiple Choice
The questions with which Chapter 12 is concerned include each of the following except
A) how do we connect the sticky-price model with the flexible price model?
B) how has the potential output changed in the United States over the past couple of generations?
C) what can shift the Phillips curve?
D) what does it mean for expectations of inflation to be static? Adaptive? Rational?
Correct Answer:
Verified
Correct Answer:
Verified
Q39: The less sticky are wages and prices<br>A)
Q40: The slope of the Phillips curve depends
Q41: A decrease in the natural rate of
Q42: Rational expectations of inflation prevail when people<br>A)
Q43: An increase in the natural rate of
Q45: If inflation expectations are rationally formed,<br>A) the
Q46: The position of the monetary policy reaction
Q47: If inflation increases under conditions of static
Q48: If inflation increases and last year's inflation
Q49: The questions with which Chapter 12 is