Consistent with his thought on spending heavily Keynes was known as an

Consistent with his thought on spending heavily

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37.Consistent with his thought on spending heavily, Keynes was known as an excellent tipper. A) TrueB) FalseTable for Individual Question FeedbackPoints Earned:1.5/1.5Correct 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 39.If the long-run aggregate supply curve is vertical so is the long-run Phillips curve. Table for Individual Question FeedbackPoints Earned:1.5/1.5Correct 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:1.5/1.5Correct 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:1.5/1.5Correct Answer(s):True42.According to the Taylor Rule described in the lectures, if the Fed is getting an A+, then the federalfunds rate should be set at 5%. Table for Individual Question Feedback
Points Earned:1.5/1.5Correct Answer(s):False 43.According to the Taylor principle, if actual inflation rises by 1% over target inflation, then the Fed should 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:1.5/1.5Correct Answer(s):False 44.If the actual federal funds rate is higher than the funds rates implied by the Taylor rule, then we say that the central bank is hawkish. Table for Individual Question FeedbackPoints Earned:1.5/1.5Correct Answer(s):True 45.If actual inflation rises one percent above target and the central bank raises the actual funds rateby one percent then according to the Taylor rule, the central bank is being hawkish. A) TrueB) FalseTable for Individual Question FeedbackPoints Earned:1.5/1.5Correct Answer(s):False46.According to the Taylor rule, the Greenspan Fed was hawkish during the new economy years.
Table for Individual Question FeedbackPoints Earned:1.5/1.5Correct Answer(s):True

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