Author Question: In which model does there not exist a tradeoff between higher inflation and lower unemployment? ... (Read 70 times)

mydiamond · **on:** Jun 30, 2018

In which model does there not exist a tradeoff between higher inflation and lower unemployment?

a. monetarist
b. real business cycle
c. new classical
d. classical
e. a tradeoff exists in all of the above

Question 2

An increase in price expectations in the Keynesian model will shift

a. labor demand and aggregate supply to the left.
b. labor demand to the left and aggregate supply to the right..
c. labor demand and aggregate demand to the right.
d. labor supply and aggregate supply to the left.
e. labor supply to the right and aggregate supply to the left.