Q5. Which of these factors is least likely to change the natural rate of unemployment? A) An unexpected tightening of the money supply reduces aggregate demand. B) Labor market deregulation makes it easier for workers to change jobs. C) Long-term demographic shifts result in fewer young adults in the labor force.
Q6. For an economy operating at full employment, if actual inflation is less than expected inflation, what will most likely be the effects on the unemployment rate in the short run and in the long run? Short run Long run
A) Decrease No effect B) Increase Increase C) Increase No effect
Q7. In the Phillips curve model of the relationship between inflation and the unemployment rate, a shift to a new short-run Phillips curve represents a change in the: A) actual inflation rate. B) expected inflation rate. C) unemployment rate.
Q8. Consider an economy operating at full employment, but with a high inflation rate. Based on the short-run Phillips curve, an unexpected decrease in money supply growth is likely to result in the following changes in the unemployment rate and inflation rate: Unemployment rate Inflation rate
A) Increase Remain above the desired rate B) Increase Fall to the desired rate C) Remain unchanged Fall to the desired rate
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发表于 2009-1-15 15:51
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