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

Related Mcqs:

The Phillips curve is a graph showing the relationship between ?

A. the price level and the unemployment rate B. the inflation rate and the unemployment rate C. the level of aggregate output and the price level D. the inflation rate and the level of aggregate demand...

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...

In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?

A. the long-run aggregate demand curve is horizontal at the natural rate of inflation B. the long run aggregate demand curve is vertical at potential GDP C. the long run aggregate demand curve is vertical at potential GDP D. The long run supply curve is horizontal at the natural rate of inflation...

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...

Policies to reduce unemployment by reducing union power, tax cuts, reductions in unemployment benefit and investment subsidies are examples of ?

A. Keynesian policies B. Supply-side policies C. Monetarist Policies D. Classical policies...