The main determinant of how quickly expected inflation adjusts to changes in monetary policy is
A. the slope of the Phillips curve.
B. the credibility of the central bank.
C. the slope of the short-run aggregate supply curve.
D. the degree of indexation in the economy.
Answer: B
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Refer to Table 12.1. The nominal interest rate for the United States is
A) -0.25%. B) 0.25%. C) 2.15%. D) It cannot be determined from the information provided.
The top U.S. multinational corporation in terms of both revenues and assets is
a. McDonald's b. Citicorp c. Microsoft d. Ford e. Exxon
A ray through the origin always has a slope of one
a. True b. False Indicate whether the statement is true or false
Bars often offer specials on appetizers during "happy hour." What does the concept of price discrimination suggest about why this might be profit-maximizing behavior?
What will be an ideal response?