The classical model of macroeconomics assumes ?

Related Mcqs:

The view of the Phillips curve that prevailed in the 1960s implied that policies that ?

A. lower unemployment rate will tend to lower the inflation rate B. lower unemployment rate will tend to raise the inflation rate C. raise inflation rate will tend to raise the unemployment rate D. lower inflation rate will tend to raise the unemployment rate...

The costs of inflation are ?

A. shoe leather costs B. menu costs C. income redistribution D. uncertainly E. all of the above...

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...

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...

The Phillips curve shows the trade-off between _____ and _____?

A. the inflation rate, interest rates B. the inflation rate, the unemployment rate C. interest rates, output D. output, employment...