Governments may contribute to inflationary pressure because of building up large ?

Related Mcqs:

The classical model of macroeconomics assumes ?

A. wages and prices are sticky B. wages and prices are flexible C. the economy may operate below full capacity D. the economy is always at full capacity E. A and C F. B and D...

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A. inflation B. a supply shock C. crowding out D. inflation illusion...

If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?

A. Vertical or nearly vertical B. upward sloping C. downward sloping D. horizontal or nearly horizontal...

Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?

A. a high rate of inflation: along with a low rate of unemployment B. simultaneously low rates of inflation and unemployment C. simultaneously high rates of inflation and unemployment D. a high rate of unemployment along with a low rate of inflation...

When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

A. Shifts in aggregate supply B. changes in export demand due to the state of the world economy C. business confidence D. business expectations...