Multiple Choice
If the Phillips curve aids in forecasting inflation then
A) forecast errors from an alternative forecasting procedure should not be correlated with output fluctuations.
B) there should be no correlation between forecast errors from an alternative forecasting procedure and output fluctuations.
C) the Phillips curve is upward-sloping.
D) the Phillips curve is downward-sloping.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The Phillips curve shifts because<br>A) fiscal policy
Q12: If the central bank cannot commit,then<br>A) the
Q13: The time consistency problem implies that<br>A) the
Q14: Application of the time inconsistency problem to
Q15: In the United States,the Phillips curve is
Q16: The slope of the Phillips curve in
Q17: A)W. Phillips' study of unemployment and inflation
Q18: In the Friedman-Lucas money surprise model<br>A) If
Q20: If the central bank cannot commit,then<br>A) the
Q21: In the United States,the observed Phillips curve