1. Falling average prices and continued full employment mostlikely come from A) a negative demand shock. B)...
Question:
1. Falling average prices and continued full employment mostlikely come from
A) a negative demand shock.
B) a negative supply shock.
C) a positive demand shock.
D) a positive supply shock.
E) OPEC
2. Rising average prices and lower unemployment most likely comefrom
A) higher interest rates.
B) lower income tax rates.
C) increases in the value of the Canadian dollar.
D) improved technologies.
E) investor pessimism.
3. Supply shocks move unemployment and inflation in
A) the same directions, as the Phillips Curve suggests.
B) opposite directions, as the Phillips Curve suggests.
C) the same directions, which is not what the PhillipsCurve suggests.
D) opposite directions, which is not what the PhillipsCurve suggests.
E) circles.
Macroeconomics Principles, Applications, and Tools
ISBN: 978-0132555234
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez