The questions with which Chapter 12 is concerned include each of the following except
A) how do we connect the sticky-price model with the flexible price model?
B) how has the potential output changed in the United States over the past couple of generations?
C) what can shift the Phillips curve?
D) what does it mean for expectations of inflation to be static? Adaptive? Rational?
Correct Answer:
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Q1: The questions with which Chapter 12 is
Q2: The questions with which Chapter 12 is
Q3: The questions with which Chapter 12 is
Q5: The Phillips curve describes the relationship between
A)
Q6: Okun's law relates
A) employment and potential output.
B)
Q7: The specific form of Okun's law relates
A)
Q8: The specific form of Okun's law is
A)
Q9: According to Okun's law,
A) when real GDP
Q10: According to Okun's law,
A) when real GDP
Q11: The equation for the Phillips curve is
A)
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