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    Exam 11: Aggregate Supply and the Phillips Curve
  5. Question
    If Okun's Law Is U -
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If Okun's Law Is U -

Question 17

Question 17

Multiple Choice

If Okun's law is U - If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
= - 0.6 (Y - If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
) ,and the Phillips curve is π = If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
- 2.5 (U - If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
) + ρ,then the short-run aggregate supply curve is ________.


A) π = If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
+ 1.5 (Y -
If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
) + ρ
B) π = If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
+ 4.2 (Y -
If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
) + ρ
C) π = If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
- 2.5 (Y -
If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
) + ρ
D) π = If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
- 2.5 (Y +
If Okun's law is U -   = - 0.6 (Y -   ) ,and the Phillips curve is π =   - 2.5 (U -   ) + ρ,then the short-run aggregate supply curve is ________. A) π =   + 1.5 (Y -    ) + ρ B) π =   + 4.2 (Y -    ) + ρ C) π =   - 2.5 (Y -    ) + ρ D) π =   - 2.5 (Y +    ) + ρ E) none of the above
) + ρ
E) none of the above

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