Quiz12 chapter 12

Macroeconomics plus MyEconLab plus eBook 1-semester Student Access Kit (6th Edition)

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Quiz This activity contains 15 questions.  The expectations-augmented Phillips curve shows the relationship between _____ and ______.  inflation; unemployment unanticipated inflation; unemployment inflation; cyclical unemployment unanticipated inflation; cyclical unemployment In the expectations-augmented Phillips curve  e  – 3( u  – .06), when  = .06 and  e  = .03, the  unemployment rate is  .09.
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.03. .05. .07. Which of the following changes will cause the expectations-augmented Phillips curve to shift  down? An unanticipated decline in the money supply An increase in the price level A decline in the expected inflation rate A decline in the unemployment rate
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An increase in the natural rate of unemployment would  shift the short-run Phillips curve down and to the left. shift the long-run Phillips curve to the right. shift neither the short-run nor the long-run Phillips curves. shift the long-run Phillips curve to the left.
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Quiz12 chapter 12 - Quiz This activity contains 15...

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