The natural rate hypothesis argues that ?

Related Mcqs:

If the sacrifice ratio is five, a reduction in inflation from 7 percent to 3 percent would require ?

A. a reduction in output of 20 percent B. a reduction in output of 5percent C. a reduction in output of 15 percent D. a reduction in output of 35 percent...

The original Phillips curve illustrates ?

A. the trade-off between inflation and unemployment B. The trade-off between output and unemployment C. The positive relationship between output and unemployment D. The positive relationship between inflation and unemployment...

Along a short-run Phillips curve, ?

A. a higher rate of inflation is associated with a lower unemployment rate B. a higher rate of growth in output is associated with a lower unemployment rate C. a higher rate of inflation is associated with a higher unemployment rate D. a higher rate of growth in output is associated with a higher unemployment … Along a short-run Phillips curve, ?Read More...

According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?

A. The economy will experience an increase in inflation B. The economy will experience a decrease in inflation C. Inflation will be unaffected if price expectations are unchanging D. None of these answers...

Which of the following would shift the long-run Phillips curve to the right ?

A. An increase in the minimum wage B. An increase in the expected inflation C. An increase in the price of foreign oil D. An increase in the aggregate demand...