Reading 25: U.S. Inflation, Unemployment, and Business Cycl black, equals, actual, expected, Business

mayanfang1

Q1. Analysis using the AS-AD model suggests that if expected inflation equals actual inflation:

A)    unemployment will fall.

B)    the economy will remain at full-employment GDP.

C)    unemployment will rise.

Q2. The short-run relationship between unexpected inflation and:

A)    unemployment is positive.

B)    actual inflation is positive.

C)    unemployment is negative.

Q3. If an increase in aggregate demand is greater than expected, actual inflation is:

A)    less than expected inflation and unemployment decreases.

B)    greater than expected inflation and unemployment increases.

C)    greater than expected inflation and unemployment decreases.

kinan

thx

danforth

d

 

jingh1981

thx

spidermanyan

吧

xwsh0325

d

sunzhenpeng

 1 1  1

seraphiris0116

thanks

viss

Deadweight loss

echopapa

THX