In the basic AD/AS macro model,actual inflation is the sum of three separate components.They are
A) accelerated inflation,expected inflation and output gap inflation.
B) validated inflation,expected inflation,and output gap inflation.
C) output gap inflation,wage-push inflation and demand inflation.
D) output gap inflation,expected inflation and supply-shock inflation.
E) accelerated inflation,demand inflation and supply inflation.
Correct Answer:
Verified
Q4: Suppose economists were able to measure frictional
Q5: Increases in nominal wages in the economy
Q6: One reason that inflation can persist even
Q7: Suppose the Canadian economy is facing an
Q8: Inflationary pressures that result from a rightward
Q10: Other things being equal,which of the following
Q11: Which of the following will lead to
Q12: Suppose the NAIRU for Canada is 6%,the
Q13: Suppose the NAIRU for Canada is 6.5%,the
Q14: What does the term NAIRU stand for?
A)non-accelerating
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