Multiple Choice
The hypothesis that the economy tends toward the natural rate of unemployment in the long run is known as the
A) cyclical unemployment hypothesis
B) full employment hypothesis
C) natural rate hypothesis
D) economic stability hypothesis
E) policy ineffectiveness hypothesis
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The long-run Phillips curve<br>A)represents the fact that
Q3: If an economist of the rational expectations
Q4: When self-correcting forces cure a recessionary gap,<br>A)money
Q5: In total,the lags associated with discretionary policy
Q6: Economists of the rational expectations school believe
Q7: Economist A.W.Phillips believed that<br>A)the Fed should follow
Q8: If the economy were in a recession,which
Q10: Those of the rational expectations school<br>A)favor monetary
Q11: The time it takes for a new
Q23: Before discovering that the short-run Phillips curve