This topic contains a solution. Click here to go to the answer

Author Question: In general, the faster inflationary expectations adjust, the: a. less macro policy can influence ... (Read 57 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

a

Answer to Question 2

c





 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library