According to the We are all Keynesians Now article the labor secretary at that

According to the we are all keynesians now article

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33. According to the "We are all Keynesians Now" article, the labor secretary at that time wanted the unemployment rate to fall down to 3%. A) TrueB) FalseTable for Individual Question FeedbackPoints Earned: 1.5/1.5 Correct Answer(s):True 34. The misery index in 1980 exceeded 25. Table for Individual Question FeedbackPoints Earned: 1.5/1.5 Correct Answer(s):False 35. The mid to late 1970s was the 'heyday' of Keynesian economics in the US economy. Table for Individual Question Feedback Points Earned: 0.0/1.5
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Correct Answer(s):False 36. Keynes believed that it was the responsibility of the government to use its powers to increase production, incomes and jobs. Table for Individual Question FeedbackPoints Earned: 1.5/1.5 Correct Answer(s):True 37. Consistent with his thought on spending heavily, Keynes was known as an excellent tipper. A) TrueB) FalseTable for Individual Question FeedbackPoints Earned: 0.0/1.5 Correct Answer(s):False 38. The steeper the SRAS curve, the steeper the short-run Phillips curve. Table for Individual Question FeedbackPoints Earned: 1.5/1.5 Correct Answer(s): True
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39. If the long-run aggregate supply curve is vertical so is the long-run Phillips curve. Table for Individual Question FeedbackPoints Earned: 1.5/1.5 Correct Answer(s):True 40. Friedman and Phelps agreed that there is a trade-off between unemployment and inflation, but only in the long run. Table for Individual Question FeedbackPoints Earned: 0.0/1.5 Correct Answer(s):False 41. If actual inflation is lower than expected inflation, then the actual real wage is higher than the expected real wage. This being the case, firms will lay off workers. A) TrueB) FalseTable for Individual Question FeedbackPoints Earned: 1.5/1.5 Correct Answer(s): True
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42. According to the Taylor Rule described in the lectures, if the Fed is getting an A+, then the federal funds rate should be set at 5%. Table for Individual Question FeedbackPoints Earned: 0.0/1.5 Correct Answer(s):False 43. According to the Taylor principle, if actual inflation rises by 1% over target inflation, then the Fedshould raise the federal funds rate by 2% to make sure that the real federal funds rate rises which is referred to as "leaning against the wind." Table for Individual Question FeedbackPoints Earned: 0.0/1.5 Correct Answer(s): False
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  • Spring '14
  • WALLACE,NEIL
  • Inflation, Correct Answer, Individual Question, Fed

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