Which of the following could lead to moderate inflation?
A) a negative supply shock
B) a decrease in consumer confidence
C) a contractionary fiscal policy
D) the pursuit of a balanced budget with a deficit during an expansion
Correct Answer:
Verified
Q202: Borrowers benefit:
A) when government engages in seigniorage.
B)
Q207: If government decides to print money to
Q208: Suppose that an economy's aggregate price level
Q232: When inflation is high:
A)people will increase their
Q234: Okun's law finds that output gaps and
Q235: During an inflationary gap:
A)the unemployment rate is
Q236: A negative output gap is associated with
Q237: The long-run Phillips curve shows that:
A)there is
Q238: The short-run Phillips curve:
A)depicts the positive relationship
Q239: The long-run Phillips curve:
A)depicts the negative relationship
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