Empirical evidence that changes in monetary policy do not cause rapid price adjustments ________.
A) is consistent with the Keynesian emphasis on short-run economic fluctuations
B) suggests that policymakers need not worry much about inflation
C) remains limited and unconvincing
D) is consistent with the classical dichotomy
E) none of the above
Question 2
Describe each of the following as a positive demand shock, a negative demand shock, a positive supply shock, or a negative supply shock, and specify how each are represented on the Phillips curve.
a. a sudden increase in oil prices
b. a large increase in spending on residential construction
c. a sudden decrease in household wealth resulting from a stock market crash
d. a substantial increase in productivity following technological advancements
Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove
Anatomically modern humans left archaeological clues, including evidence of burials, which indicate
Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b
Four pieces of evidence that the reticular formation is involved in sleep.
Figure of a Woman with a Drawing Showing Evidence of Original Painting and Outlining Design Scheme
The environmental policy changes over time