The phillips curve will shift when a the unemployment

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Macroeconomics for Today
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Chapter 17 / Exercise 13
Macroeconomics for Today
Tucker
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46.The Phillips curve will shift when:A)the unemployment rate falls.B)the expected inflation rate changes.C)rational expectations change.D)the price level falls.
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We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Macroeconomics for Today
The document you are viewing contains questions related to this textbook.
Chapter 17 / Exercise 13
Macroeconomics for Today
Tucker
Expert Verified
47.The Fed will most likely halt its quantitative easing program by:
48.If rational expectations theory is correct, the Fed's announced policies will be:
49.The efficiency wage theory states that by paying their employees more than the market-clearing wage, employers hope to:
50.In the short run, unanticipated inflation usually leads to:A)lower rates of unemployment.B)an increase in real wages.C)a decrease in aggregate demand.D)higher rates of unemployment.
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Use the following to answer question 51:Figure: Determining Long Run and Short Run Economic Shifts51. (Figure: Determining Long Run and Short Run Economic Shifts) Starting at point j, the economy will move to ____ in the long run if policymakers reduce aggregate demand.
Use the following to answer question 52:Figure: Understanding Expectation TheoriesPage 17
52. (Figure: Understanding Expectation Theories) Assume the economy is at point cAccording to the theory of adaptive expectations, if the Fed announces and then implements a contractionary policy, the economy will move from point c. :
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.53.In a global economy, a problem with using fiscal and monetary policies to fix the problems in our country is that they:
54. (Figure: Determining CurvesThe curve on the graph is a:) A)production possibilities curve.B)demand curve.C)Phillips curve.D)labor demand curve.
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Answer Key
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