B equalsexpected inflation c islessthan d

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: n C) rate will always be zero in the long run. the D) unemployment rate will be zero in the long run. there is no trade-off between inflation and unemployment in the long run. Answer: D Diff: 2 Topic: The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemployment Skill: Conceptual AACSB: Reflective Thinking Refer to the information provided in Figure 14.8 below to answer the questions that follow. Figure 14.8 3) Refer to Figure 14.8. Expected inflation at Point A ________ expected inflation at Point C. A) is greater than B) is less than C) equals D) cannot be determined from the figure Answer: C Diff: 2 Topic: The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemployment Skill: Analytic AACSB: Analytic Skills 4) Refer to Figure 14.8. Expected inflation at Point B equals A) 4%. B) 5%. C) 6%. D) cannot be determined from the figure Answer: B Diff: 2 Topic: The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemployment Skill: Analytic AACSB: Analytic Skills 5) Refer to Figure 14.8. Along SRPC2, expected inflation equals A) 4%. B) 5%. C) 6%. D) cannot be determined from the figure Answer: C Diff: 2 Topic: The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemployment Skill: Analytic AACSB: Analytic Skills 6) Refer to Figure 14.8. Along SRPC3, expected inflation equals A) 4%. B) 5%. C) 6%. D) cannot be determined from the figure Answer: A Diff: 2 Topic: The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemploymen...
View Full Document

This note was uploaded on 06/02/2013 for the course ECON 130 taught by Professor Meshew during the Fall '13 term at Victoria Wellington.

Ask a homework question - tutors are online