In general, the faster inflationary expectations adjust, the: a. ...

[ereecah]

In general, the faster inflationary expectations adjust, the:
 a. less macro policy can influence unemployment.
 b. better discretionary policy can be expected to work.
 c. slower the adjustment of the short-run Phillips curve.
  d. stronger the case for active policy.
 e. more effectively a policy can influence unemployment.

Question 2

The unemployment rate can remain below the natural rate, but only _____.
 a. in the long run
 b. with continuous deflation
 c. with a continuously increasing inflation rate
  d. with a series of adverse supply shocks
 e. if the money supply is constant

[srodz]

Answer to Question 1

a

Answer to Question 2

c

[ereecah]

Thank you

[srodz]

No problemo