In the new Keynesian model, the immediate effect on inflation of an anticipated aggregate demand shock is ________
A) less than if that event was unanticipated
B) greater than if that event was unanticipated
C) the same as would develop if that event was unanticipated
D) independent of whether or not that event is anticipated or unanticipated
B
You might also like to view...
The labor force consists of
A) the number of people who unemployed and who are actively seeking work. B) the number of people who are employed. C) the number of people who are employed minus the number of the people who are unemployed. D) all people in the population aged 16 and over who are not in jail, a hospital, or an institution or in the U.S. Armed Forces. E) the number of people in the working-age population who are employed or unemployed.
James used $200,00 . from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000 . An Economist calculated his profit to be:
a. $300,000 b. $100,000 c. $80,000 d. $20,000
Household production consists of households producing goods and services, like meals, cleaning and child care, instead of firms
a. True b. False
Andrew wishes to buy a watch and is willing to pay $300 . Spartan Watch Co sells the watch for $350 . Andrew will _____
a. purchase the watch from this shop as his opportunity cost is negative b. be indifferent between purchasing the watch and not purchasing the watch c. not purchase the watch as his consumer surplus is negative d. purchase the watch as the marginal social benefit from the watch is positive