Multiple Choice
Lower than expected inflation rate:
A) shifts short-run Phillips curve to the right.
B) shifts short-run Phillips curve to the left.
C) shifts both short-run and long-run Phillips curve to the right.
D) shifts both short-run and long-run Phillips curve to the left.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: At lower rates of inflation and higher
Q6: Rational expectations involve:<br>A)forecasts that are technically correct.<br>B)forecasts
Q7: With rational expectations, a policy that would
Q8: Which of the following would move the
Q9: If the public has correct rational expectations
Q11: The short-run Phillips curve is based on
Q12: Rational expectation theory implies that accurately anticipated
Q13: If the shifts in AD that will
Q14: Attempts to use activist policies to stabilize
Q15: The short-run Phillips curve will tend to