Multiple Choice
The fact that private sector economic agents cannot be systematically fooled by economic policymakers is implied by
A) the Phillips curve.
B) time inconsistency.
C) commitment.
D) the rational expectations hypothesis.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The original work on the application of
Q2: Time inconsistency means<br>A) taking different decisions at
Q4: The rational expectations hypothesis means that<br>A) economic
Q5: The idea that economic agents do not
Q6: A Phillips curve is<br>A) the correlation between
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