The Fisher relation is
A) the negative relationship between unemployment and vacancies.
B) trend growth in real GDP.
C) a positive relationship between the nominal interest rate and inflation.
D) the Phillips curve.
E) of no interest to economists.
Correct Answer:
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Q24: Adam Smith's Wealth of Nations emphasized
A) how
Q25: According to the Lucas critique, the effects
Q26: Business cycles are
A) similar, but they can
Q27: Neo-Fisherism says
A) the central bank should increase
Q28: What is produced and consumed in the
Q30: A trade-off between aggregate output and inflation
A)
Q31: Money is differentiated from other assets due
Q32: One consequence of government deficits is
A) lower
Q33: According to real business cycle theory, the
Q34: Unemployment, at the aggregate level
A) is zero
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