Macroeconomics Private and Public Choice

Business

Quiz 15 :
Stabilization Policy, Output, and Employment

Quiz 15 :
Stabilization Policy, Output, and Employment

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In the twentieth century, fluctuations in real GDP were
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A

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If the monetary authorities follow policies that keep the annual rate of inflation steady and low (for example, 2 percent), which of the following is most likely to occur?
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D

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Economic analysis suggests that countercyclical macro-policy will
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A

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Under the adaptive expectations hypothesis, how will a shift to a more expansionary monetary policy affect the economy?
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The adaptive expectations hypothesis implies that people
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The index of leading indicators is
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Under the rational expectations hypothesis, which of the following is the most likely short-run effect of a move to expansionary monetary policy?
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Why did many economists during the 1960s and 1970s believe that expansionary macroeconomic policy that resulted in inflation would reduce the rate of unemployment?
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Which of the following is an implication of the modern view of the Phillips curve?
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Most economists believe that
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Which of the following is true regarding economic fluctuations in the United States?
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During the 1900-1950 period,
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Prior to World War II,
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If monetary and fiscal policy are going to promote economic stability, they must _________ during a recession, and _________ during an economic boom. (Fill in the blank)
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Activists and nonactivists both believe that
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Activists believe that
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Which one of the following accurately states the view of activists who favor discretionary stabilization policy?
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Which of the following best reflects the nonactivist view of stabilization policy?
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Regarding the issue of economic stability, nonactivists believe that
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Which of the following is a major area of disagreement between activists and nonactivists?
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