When output is above the natural rate, the labor market is _____ and wages should
A) tight, rise.
B) tight, fall.
C) loose, rise.
D) loose, fall.
Correct Answer:
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Q20: Increased commodity prices lead to demand-pull inflation.
Q21: If the monetary policymaker keeps trying to
Q22: Demand-pull inflation can set off accommodative monetary
Q23: If the monetary policymaker keeps trying to
Q24: Legislative lags are more of a problem
Q26: Deflation would cause currency appreciation, .
Q27: Lags are the amount of time between
Q28: The uncertain effects of bond purchases and
Q29: Governments with low budget deficits and independent
Q30: Zimbabwe experienced hyperinflation in 2008.
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