A change in the natural rate of unemployment will most likely shift:
A: the short-run but not the long-run Phillips curves.
B: both the short-run and the long-run Phillips curves.
C: neither the short-run nor the long-run Phillips curves.
A: the short-run but not the long-run Phillips curves.
B: both the short-run and the long-run Phillips curves.
C: neither the short-run nor the long-run Phillips curves.
举一反三
- "Diseconomies of scale" occur in ( ) A: the long run, but not the short run. B: the short run, but not the long run. C: both the short run and the long run. D: neither the short run nor the long run.
- Monetary policy affects employment A: only in the long run. B: only in the short run. C: in both the long run and the short run. D: in neither the long run nor the short run.
- Which of the following statements is the most accurate? In general,_____________ A: the monetary approach to the exchange rate is a long run theory. B: the monetary approach to the exchange rate is a short run theory. C: the monetary approach to the exchange rate is both a short and long run theory. D: the monetary approach to the exchange rate neither long run nor short run theory. E: the monetary approach to the exchange rate is considered less practical than the law of one price.
- When the economy is operating at potential GDP, an unannounced decrease in the rate of growth of the money supply intended to reduce inflation will most likely lead to. lower inflation and: A: a decrease in output in both the short run and the long run. B: no change in output in both the short run and the long run. C: a decrease in output in the short run, and lower inflation but no change in output in the long run.
- A sudden crash in the stock market shifts A: the aggregate-demand curve. B: the short-run aggregate-supply curve, but not the long-run aggregate-supply curve. C: the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. D: both the short-run and the long-run aggregatesupply curves.