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Author Question: Economist Alban William Phillips believed that: a. the Fed should follow a policy rule because it ... (Read 75 times)

bobbie

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on: Jun 30, 2018
Economist Alban William Phillips believed that:
 a. the Fed should follow a policy rule because it does not know the lag structure.
  b. the Fed should follow a policy rule to avoid monetary surprises.
 c. there is an inverse relationship between inflation and unemployment.
 d. private sector spending is inherently unstable.
 e. government spending is inherently unstable.

Question 2

The immediate effects of a discretionary increase in government spending are represented by a:
 a. rightward shift of the aggregate demand curve.
  b. leftward shift of the aggregate demand curve.
  c. rightward shift of the Phillips curve.
 d. leftward shift of the Phillips curve.
 e. movement along the Phillips curve.


huda

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

c

Answer to Question 2

e


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bobbie

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Reply #2 on: Jun 30, 2018
Correct answers!


huda

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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