Microeconomics

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If inflationary expectations increase, we can infer that: a. unemployment is above the natural ... Started by rayancarla1	1 Replies 62 Views	Jun 30, 2018 by Sierray
In general, the faster inflationary expectations adjust, the: a. less macro policy can influence ... Started by ereecah	3 Replies 70 Views	Jun 30, 2018 by srodz
After the 1960s, the short-run Phillips curve based on U.S. economic data: a. began shifting ... Started by rachel9	1 Replies 76 Views	Jun 30, 2018 by juicepod
Advocates of the active approach believe that discretionary government policy can restore economic ... Started by Pineappleeh	1 Replies 98 Views	Jun 30, 2018 by AngeliqueG
Advocates of the passive approach to government economic policy believe that the government should ... Started by ahriuashd	1 Replies 117 Views	Jun 30, 2018 by samiel-sayed
An economy that self-corrects a recessionary gap will experience falling nominal wages, rising real ... Started by Brittanyd9008	1 Replies 83 Views	Jun 30, 2018 by carolinefletcherr
A policy to increase aggregate demand to cure a recessionary gap may succeed; however, inflation is ... Started by michelleunicorn	1 Replies 84 Views	Jun 30, 2018 by patma1981
Passive macroeconomic policy would rely on natural market forces and automatic stabilizers to close ... Started by Engineer	1 Replies 82 Views	Jun 30, 2018 by coyin
The effectiveness lag for monetary policy is short. a. True b. False Indicate whether the ... Started by bclement10	1 Replies 54 Views	Jun 30, 2018 by nikmaaacs
Advocates of an active approach think that only when unemployment is high, the natural adjustments ... Started by Mr3Hunna	3 Replies 130 Views	Jun 30, 2018 by janeli1
Adaptive expectations is a school of thought that argues people form expectations based on all ... Started by yoooooman	1 Replies 130 Views	Jun 30, 2018 by briseldagonzales
According to the rational expectations approach , if policy makers consistently stimulate aggregate ... Started by olgavictoria	1 Replies 166 Views	Jun 30, 2018 by pallen55
If the price level increases by more than expected, output can be expected to decrease as a result. ... Started by Lobcity	1 Replies 78 Views	Jun 30, 2018 by smrerig
If rational expectations cause people's price expectations to be generally correct, active policy ... Started by MGLQZ	1 Replies 105 Views	Jun 30, 2018 by Andromeda18
According to the rational expectations school, when monetary policy makers do exactly what is ... Started by HCHenry	1 Replies 78 Views	Jun 30, 2018 by meganlapinski
According to the rational expectations school, when the economy is operating at the potential output ... Started by Pea0909berry	1 Replies 58 Views	Jun 30, 2018 by vickybb89
Inflation target refers to the commitment of central bankers to keep inflation below a certain rate ... Started by littleanan	1 Replies 69 Views	Jun 30, 2018 by Dominic
The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn ... Started by leo leo	3 Replies 85 Views	Jun 30, 2018 by akemokai
The short-run Phillips curve is drawn for a given expected inflation rate and so it shifts as ... Started by newbem	1 Replies 106 Views	Jun 30, 2018 by tuwy
Along the long-run Phillips curve, the economy is at an unemployment level that corresponds to an ... Started by Destiiny22	1 Replies 72 Views	Jun 30, 2018 by heinisk01
Some economists believe that in the long run, the unemployment rate is independent of the inflation ... Started by student77	1 Replies 134 Views	Jun 30, 2018 by lkanara2
Contrary to what the Phillips curve would have predicted, the U.S. economy in the 1970s experienced ... Started by bobbysung	1 Replies 78 Views	Jun 30, 2018 by kingfahad97
An increase in price expectations shifts the long-run Phillips curve, but not the short-run Phillips ... Started by tnt_battle	1 Replies 101 Views	Jun 30, 2018 by upturnedfurball
When economists say scarcity, they mean: a. there are only a limited number of consumers who would ... Started by mwit1967	1 Replies 52 Views	Jun 30, 2018 by aham8f
Scarcity is a problem: a. measured by the amount of goods available. b. of the poor, but not the ... Started by dmcintosh	1 Replies 72 Views	Jun 30, 2018 by mcomstock09