Multiple Choice
A Phillips curve is
A) the correlation between money growth and the inflation rate.
B) the negative correlation between the unemployment rate and the vacancy rate.
C) the positive observed correlation between the inflation rate and the nominal interest rate.
D) an observed positive correlation between the inflation rate and some measure of aggregate economic activity.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The original work on the application of
Q2: Time inconsistency means<br>A) taking different decisions at
Q3: The fact that private sector economic agents
Q4: The rational expectations hypothesis means that<br>A) economic
Q5: The idea that economic agents do not
Q7: In the Friedman-Lucas money surprise model,a surprise
Q8: In the Friedman-Lucas money surprise model<br>A) productivity
Q9: A predominant view among Federal Reserve officials
Q10: The Phillips curve shifts because<br>A) private behavior
Q11: The Phillips curve shifts because<br>A) fiscal policy