Multiple Choice
Which of the following would most likely imply a small sacrifice ratio?
A) a steep short run Phillips Curve
B) long implementation lags
C) low government and central bank credibility
D) a gradualist approach to disinflation
E) time-inconsistent fiscal policy-making
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In the long run,the Phillips Curve<br>A) slopes
Q2: Which of the following is not a
Q3: An inverse relationship between unemployment and inflation
Q5: A tax cut<br>A) pushes the inflation-unemployment coordinates
Q6: US data fit the pattern of a
Q7: Time-inconsistency in monetary policy is most likely
Q8: Consider the following Canadian data. Year Inflation
Q9: A balanced budget rule which precluded a
Q10: The next questions refer to the following.<br>Suppose
Q11: Compared to monetary policy,fiscal policy<br>A) has a