In the events of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely ?

Related Mcqs:

The expectations augmented Phillips curve was the Work of which group of economists ?

A. New classical economists B. Keynesian. C. Monetarists D. Marxists....

An advocate of the classical model of the economy would claim that unemployment is created when the ____ is above its equilibrium level in the ______?

A. price level, aggregate economy B. tax rate, government budget C. wage rate, labor market D. interest rate, market for loanable funds...

We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?

A. Smaller B. Larger C. the same size D. None of these...

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...

The Short run Phillips curve can shift in response to changes in ?

A. Inflationary expectations B. unemployment C. the inflation rates D. wage rates...