« previous next »

Author Question: Economist Alban William Phillips believed that: a. the Fed should follow a policy rule because it ... (Read 96 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
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

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bobbie

  • Hero Member
  • *****
  • Posts: 592
Reply #2 on: Jun 30, 2018
Correct answers!


huda

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Chargaff's Rule Chargaff's Rule
William Beebe William Beebe
Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It
William Kentridge, History of the Main Complaint. William Kentridge, History of the Main Complaint.
Rule of Law and Productivity Rule of Law and Productivity
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library