Multiple Choice
The sacrifice ratio is likely to be quite small if
A) the short run Phillips Curve is relatively flat
B) consumers are skeptical of policy-makers
C) the central bank enjoys strong credibility
D) inflationary expectations are not very adaptive
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Which of the following would occur under
Q22: Under which of the following circumstances would
Q23: Which of the following would be an
Q24: For an economy operating at capacity,an income
Q25: Which of the following is true of
Q27: A reduction in personal saving would shift<br>A)
Q28: In the short run,which of the following
Q29: According to the short run Phillips Curve
Q30: Crowding out refers to<br>A) excess demand for
Q31: In response to an adverse supply shock,<br>A)