If disinflation is taking place
A) The level of actual output likely is below the level of potential output
B) The growth of actual output must be below the growth of potential output
C) The minimum wage has probably fallen
D) The unemployment rate is below the NAIRU
Correct Answer:
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Q1: The statutory goal of monetary policy in
Q2: Outside the United States, the goal of
Q3: If actual output were to grow at
Q4: The Fed (and many other central banks)
Q6: To stimulate aggregate demand, the Fed could
A)
Q7: Inflation would rise if
A) Actual output exceeded
Q8: If actual output equals and grows with
Q9: If growth in the labor force is
Q10: Setting the stage for the Great Moderation
Q11: Inflation will increase when
A) Growth in aggregate
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