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Author Question: The aggregate demand curve is Y = 15 - 0.2 when the inflation rate falls from 6 percent to 5 ... (Read 45 times)

savannahhooper

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on: Jun 30, 2018
The aggregate demand curve is Y = 15 - 0.2 when the inflation rate falls from 6 percent to 5 percent. Then, output increases from 13.8 to 17. The response of monetary policy to the inflation decline has been ________.
 
  A) autonomous tightening
  B) automatic adjustment
  C) autonomous easing
  D) to increase autonomous spending
  E) none of the above

Question 2

Anti-inflationary policy is less costly when that policy is anticipated in ________.
 
  A) traditional Keynesian theory
  B) new Keynesian theory
  C) real business cycle theory
  D) institutionalist theory


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mjenn52

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


savannahhooper

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tanna.moeller

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Reply 3 on: Yesterday
:D TYSM

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