Hello! I need help with my MacroEcon homework. it's 18 questions. you don't have to answer all 18 but as much as you can would help. Thank you!

- Phillips Curves Esther Emeka Emeji: Attempt 1 Inflation rate (percent per year) 5% Expected Inflation - 5% 6% Unemployment rate (percent) The unemployment rate will not change and the inflation rate will increase. The unemployment rate will decrease and the inflation rate will increase. Both the unemployment rate and the inflation rate will increase Neither the unemployment rate nor the inflation rate will change. Question 12 (1 point) MacBook Air GO F3 DOO F F5 F6 F7 F8 F9 F10 LA % > O OO- Phillips Curves Esther Emeka Emeji: Attempt 1 STUIL-IUn FIIps YuIve. PC short - Rim PC Long -Run Inflation rate (percent per year) 5% Expected Inflation - 5% 6% Unemployment rate (percent) The short-run Phillips Curve is the long-run Phillips Curve, which shifts left. The short-run Phillips Curve will shift up. The short-run Phillips Curve will shift down. The short-run Phillips Curve is the long-run Phillips Curve, which does not move. MacBook Air BO F3 900 000 F4 F5 F6 F7 DII F8 F9 F10 % 8 9 OHulu Youtube Amazon ) BandLab PipelineMT 7 Google Calendar @ OUTLOOK @ Agent Portal I D2L I E 12 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 9 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have adaptive expectations. Suppose the inflation rate has been 15 percent for the past four years. The unemployment rate is currently at the natural rate of unemployment of 5 percent. The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent and uses monetary policy to do so. Describe the new short-run unemployment rate and inflation rate. PC Short -Run PC Long -Run Inflation rate (percent per year) 15% Expected Inflation - 15% 5% Unemployment rate (percent) The unemployment rate will increase and the inflation rat MacBook Air BO F3 000 F4 F5 F6 F7 F8 F9 F10 LA % & 6 V 8 OQuestion 3 (1 point) In 2017, UAW workers are earnings $30.00 per hour. Suppose Ford and the United Auto Workers (UAW) agree in 2017 to a wage of $31.50 per hour for 2018. They expect (in 2017) the price level (as measured by the Consumer Price Index) to increase from 110.0 in 2017 to 115.5 in 2018, which is inflation of 5 percent. Suppose inflation instead is actually 2 percent between 2017 and 2018. Which of the following are true? Employment will increase. The unemployment rate will increase. The number unemployed will be unchanged. The inflation rate will decrease. Question 4 (1 point) In 2017, UAW workers are earnings $30.00 per hour. Suppose Ford and the United Auto Workers (UAW) agree in 2017 to a wage of $31.50 per hour for 2018. They expect (in 2017) the price level (as measured by the Consumer Price Index) to increase from 110.0 in 2017 to 115.5 in 2018, which is inflation of 5 percent. Suppose inflation instead is actually 2 percent between 2017 and 2018. Which of the following are true? The UAW workers are better off. Ford is worse off. The UAW workers are worse off. MacBook Air GU F3 F5 F6 F7 F8 F9 F10 LA % & A 5 6 8 O E R U P- Phillips Curves Esther Emeka Emeji: Attempt 1 Question 11 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose consumers have rational expectations, the inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate and uses monetary policy to do so. Describe the new short-run unemployment rate and inflation rate. PC Short -Rum PC Long -Run Inflation rate (percent per year) Expected Inflation - 5% Unemployment rate (percent) The unemployment race will not change and the inflation rate will increase. The unemployment rate will decrease and the inflation rate will increase. MacBook Air BO F3 000 000 DII F4 F5 F6 F7 F8 F9 F10 & * CO2 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 14 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose consumers have adaptive expectations, the inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate and uses monetary policy to do so. Describe the new short-run Phillips Curve. PCShort-Rest PC Long -Run Inflation rate (percent per year) 5% Expected Inflation - 5% Unemployment rate (percent) A The short-run Phillips Curve will shift up. MacBook Air ZU F3 080 F4 F5 F6 F7 F8 F9 F10 % > * A 6 O CO- Phillips Curves Esther Emeka Emeji: Attempt 1 PC Short -Rum PC Long -Run Inflation rate (percent per year) 5% Expected Inflation - 5% Unemployment rate (percent) The short-run Phillips Curve will shift up. The short-run Phillips Curve is the long-run Phillips Curve, which shifts left. The short-run Phillips Curve will shift down. The short-run Phillips Curve is the long-run Phillips Curve, which does not move. Question 15 (1 point) MacBook Air 20 F3 000 F4 F5 F6 F7 F8 F9 F10 % A 5 6 O- Phillips Curves Esther Emeka Emeji: Attempt 1 Question 10 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose consumers have rational expectations, the inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate and uses monetary policy to do so. Describe the new short-run Phillips Curve. PC Short -Rum PCLong -Run Inflation rate (percent per year) 5% Expected Inflation - 5% Unemployment rate (percent) The short-run Phillips Curve is the long-run Phillips Curve, which shifts left. The chort run Pbilling Curve will shift un MacBook Air GO F3 F4 F5 F6 F7 DII F8 F9 F10 % K 5 8 OYoutube - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 15 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose consumers have adaptive expectations, the inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate. How can the Fed use monetary policy to achieve this objective (of reducing the unemployment rate)? PC Short - Rim PC Long -Run Inflation rate (percent per year) 5% Expected Inflation - 5% Unemployment rate (percent) OLower the target federal funds rate. MacBook Air 20 F3 F4 F5 F6 F7 F8 F9 F10 & 6 N O12 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 7 (1 point) Identify a historical period when empirical data in the United States suggested a stable trade-off between inflation and unemployment. The 1990s. The 1970s. The 1950s. The 2010s. Question 8 (1 point) In 2017, UAW workers are earnings $30.00 per hour. Suppose Ford and the United Auto Workers (UAW) agree in 2017 to a wage of $31.50 per hour for 2018. They expect (in 2017) the price level as measured by the Consumer Price Index) to increase from 110.0 in 2017 to 115.5 in 2018, which is inflation of 5 percent. Suppose inflation instead is actually 10 percent between 2017 and 2018. Which of the following are true? Employment will decrease. The number unemployed will be unchanged. The inflation rate will increase. The unemployment rate will decrease. MacBook Air BO F3 F4 F5 F6 F7 DII F8 F9 F10 % & 6 8 OOUTLOOK alu YouTube Amazon BandLab PipelineMT Z Google Calendar Agent Portal I'I D2L I Essay 12 - Phillips Curves Esther Emeka Emeji: Attempt 1 PC short-Run PC Long-Run Inflation rate percent per year) 15% Expected Inflation = 15% 5% Unemployment rate (percent) The unemployment rate will increase and the inflation rate will decrease. Neither the unemployment rate nor the inflation rate will change. The unemployment rate will not change and the inflation rate will decrease. Both the unemployment rate and the inflation rate will decrease. Question 18 (1 point) MacBook Air BO F3 900 F5 F6 DII F7 F8 F9 F10 & A 5 6 7 8 OYouTube a Amazon BandLab PipelineMT |7 Google Calendar OUTLOOK Agent Portal D'I D2L ' Essay G 2 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 13 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have adaptive expectations. Suppose the inflation rate has been 15 percent for the past four years. The unemployment rate is currently at the natural rate of unemployment of 5 percent. The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent and uses monetary policy to do so. Describe the new long-run unemployment rate and inflation rate. PC Short-Run PC Long-Run Inflation rate percent per year) 15% Expected Inflation - 15% Unemployment rate (percent) Neither the unemployment rate nor the inflation rate will change MacBook Air BO F3 poo 000 F4 F5 .- F6 14 F7 F8 F9 F10 > * A 6 9 O12 - Phillips Curves Esther Emeka Emeji: Attempt 1 JI ne UAVV workers are better off. Ford is worse off. The UAW workers are worse off. Ford is better off. The UAW workers are unaffected. Ford is unaffected. Question 6 (1 point) What might prevent quick or immediate price adjustments with rational expectations, such that there is a trade-off between inflation and unemployment? Collective bargaining agreements. Annual contracts. The lack of price controls. Daily information about market prices. Liquidity in financial markets. Question 7 (1 point) Identify a historical period when empirical data in the United States suggested a stable trade-off MacBook Air BO F3 000 0OO F4 F5 F6 F7 F8 F9 F10 $ % & 5 6 8 O- Phillips Curves Esther Emeka Emeji: Attempt 1 PC Short- Rim PC Long -Run Inflation rate (percent per year) 5% Expected Inflation - 5% 6% Unemployment rate (percent) Neither the unemployment rate nor the inflation rate will change. The unemployment rate will not change and the inflation rate will increase. Both the unemployment rate and the inflation rate will increase. The unemployment rate will decrease and the inflation rate will increase. MacBook Air BO F3 F5 F6 DII F7 F8 F9 F10 % 5 6 8 OQuestion 1 (1 point) Phillips Curves address the possibility of a trade-off between which two economic variables? The unemployment rate. O The inflation rate. Government debt. Trade deficits. Interest rates. Tariffs. Question 2 (1 point) Consider the aggregate supply-aggregate demand model. How does an increase in aggregate demand affect the unemployment rate and the inflation rate? IRAS Price level SRASI GDP deflator MacBook Air F3 000 000 F4 F5 F6 F7 DII F8 F9 F10 % > 5 8 O12 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 5 (1 point) In 2017, UAW workers are earnings $30.00 per hour. Suppose Ford and the United Auto Workers (UAW) agree in 2017 to a wage of $31.50 per hour for 2018. They expect (in 2017) the price level (as measured by the Consumer Price Index) to increase from 110.0 in 2017 to 115.5 in 2018, which is inflation of 5 percent. Suppose inflation instead is actually 10 percent between 2017 and 2018. Which of the following are true? The UAW workers are better off. Ford is worse off. The UAW workers are worse off. Ford is better off. The UAW workers are unaffected. Ford is unaffected. Question 6 (1 point) What might prevent quick or immediate price adjustments with rational expectations, such that there is a trade-off between inflation and unemployment? Collective bargaining agreements. Annual contracts. The lack of price controls. MacBook Air 20 000 F3 F4 F5 F6 F7 F8 F9 F10 % A & 5 6 8 Ole/content PipelineMT Google Calendar OUTLOOK Agent Portal YouTube Amazon BandLab WI D2L ' Essay Gui 2 - Phillips Curves Esther Emeka Emeji: Attempt 1 PC Short - Rum PC Long -Run Inflation rate (percent per year) 5% Expected Inflation - 5% 6% Unemployment rate (percent) Neither the unemployment rate nor the inflation rate will change. The unemployment rate will not change and the inflation rate will increase. The unemployment rate will decrease and the inflation rate will increase. Both the unemployment rate and the inflation rate will increase. MacBook Air poo F4 F5 F6 F7 F8 F9 F10 ** A O 8 O- Phillips Curves Esther Emeka Emeji: Attempt 1 PC short - Rim PC Long -Run Inflation rate (percent per year) Expected Inflation - 5% 6% Unemployment rate (percent) Lower the target federal funds rate. Sell treasuries. Raise taxes. O Increase the reserve requirement. MacBook Air 000 F4 F5 F6 F7 F8 F9 F10 % 5 6 OVie/content/8906847/viewContent/84833929/View Agent Portal I D2L I Essay Gu YouTube BandLab PipelineMT |7 Google Calendar OUTLOOK lulu Amazon 12 - Phillips Curves Esther Emeka Emeji: Attempt 1 PC Short-Rim PC Long - Rim Inflation rate (percent per year) 15% Expected Inflation - 15% Unemployment rate (percent) Sell treasuries. Decrease the reserve requirement. Lower taxes. Lower the target federal funds rate. MacBook Air 20 F3 DO0 F4 F5 F6 DII F7 F8 F9 F10 % & ** A 5 6 7 8 OYoutube B Amazon () BandLab PipelineMT| Google Calendar 0 OUTLOOK Agent Portal I D2L D Essay Gu - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 12 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose consumers have adaptive expectations, the inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate and uses monetary policy to do so. Describe the new short-run unemployment rate and inflation rate. PC Short -Rim PC Long -Run Inflation rate (percent per year) 5% A Expected Inflation - 5% 6% Unemployment rate (percent) Neither the unemployment rate nor the inflation rate will change. MacBook Air 20 F3 000 000 F4 F5 F6 DII F7 F8 F9 F10 LA % & A 6 7 8 O21/le/content/8906847/viewCon Hulu YouTube , Amazon BandLab PipelineMT 7 Google Calendar O OUTLOOK Agent Portal I D2L I Essay G 12 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 16 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose consumers have rational expectations, the inflation rate is 5 percent, and the unemployment rate is currently at 6 percent, which is the natural rate of inflation. The Federal Reserve decides that it wants to reduce the unemployment rate and uses monetary policy to do so. Describe the new ong-run unemployment rate and inflation rate. PC Short -Rim PC Long -Run Inflation rate percent per year) 5% Expected Inflation - 5% 6% Unemployment rate (percent) Neither the unemployment rate nor the inflation rate will change. MacBook Air 20 F3 DOO F4 F5 F6 F7 DII F8 F9 F10 % * 4 5 6 O2V/le/content/8906847/viewContent/84833929/View lulu YouTube & Amazon BandLab PipelineMT|7 Google Calendar OUTLOOK Agent Portal D'I D2L Essay G 12 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 18 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have adaptive expectations. Suppose the inflation rate has been 15 percent for the past four years. The unemployment rate is currently at the natural rate of unemployment of 5 percent. The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent. How can the Fed use monetary policy to achieve this objective (of permanently reducing the inflation rate)? PC Short-Rim PC Long - RIM Inflation rate (percent per year) 15% A Expected Inflation - 15% 5% Unemployment rate (percent) Sell treasuries MacBook Air 20 F3 D00 F4 F5 F6 F7 F8 F9 F10 % & ** A 5 6 8 OEsther Emeka Emeji: Attempt 1 Employment will increase. The unemployment rate will increase. The number unemployed will be unchanged. The inflation rate will decrease. Question 4 (1 point) In 2017, UAW workers are earnings $30.00 per hour. Suppose Ford and the United Auto Workers (UAW) agree in 2017 to a wage of $31.50 per hour for 2018. They expect (in 2017) the price level (as measured by the Consumer Price Index) to increase from 110.0 in 2017 to 115.5 in 2018, which is inflation of 5 percent. Suppose inflation instead is actually 2 percent between 2017 and 2018. Which of the following are true? The UAW workers are better off. Ford is worse off. The UAW workers are worse off. Ford is better off. The UAW workers are unaffected. Ford is unaffected. Question 5 (1 point) MacBook Air GU F3 F4 F5 F6 F7 DII F8 DD F9 F10 % & 4 5 6 8 Or Emeka Emeji: At TRAS1 SRAS1 Price level (GDP deflator, 2009 = 100) 110 105 100 AD3 ADI AD GDP, GDP2 GDP Real GDP (trillions of 2009 dollars) The unemployment rate decreases and the inflation rate increases. The unemployment rate increases and the inflation rate decreases. Both the unemployment rate and the inflation rate increase. The unemployment rate decreases and the inflation rate is unchanged. MacBook Air F3 000 080 F4 F5 F6 DII F7 F8 F9 F10 LA % > & K A UI 6 O - OOYouTube . Amazon BandLab PipelineMT Google Calendar OUTLOOK @ Agent Portal ' D2L Essay 12 - Phillips Curves Esther Emeka Emeji: Attempt 1 Question 17 (1 point) Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have rational expectations. Suppose the inflation rate has been 15 percent for the past four years. The unemployment rate is currently at the natural rate of unemployment of 5 percent. The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent and uses monetary policy to do so. Describe the new long-run unemployment rate and inflation rate. PC Short-Run PC Long-Run Inflation rate (percent per year) 15% Expected Inflation = 15% 5% Unemployment rate (percent) The unemployment rate will increase and the inflation rate will decrease MacBook Air 20 F3 000 000 F4 F5 F6 F7 F8 F9 F10 LA % * A 5 6 O2 - Phillips Curves Esther Emeka Emeji: Attempt 1 PC Short-Rum PC Long -Run Inflation rate (percent per year) 15% Expected Inflation = 15% 5% Unemployment rate (percent) The unemployment rate will increase and the inflation rate will decrease. Both the unemployment rate and the inflation rate will decrease. The unemployment rate will not change and the inflation rate will decrease. Neither the unemployment rate nor the inflation rate will change. Question 10 (1 point) MacBook Air 20 FS 000 F4 DII DD F5 F6 F7 F8 F9 F10 % A O 9 OQuestion 2 (1 point) Consider the aggregate supply-aggregate demand model. How does an increase in aggregate demand affect the unemployment rate and the inflation rate? IRAS1 SRAS Price level (GDP deflator, 2009 - 100) 110 105 100 AD3 ADI AD2 GDP, GDP2 GDP Real GDP (trillions of 2009 dollars) MacBook Air GO F3 F4 F5 F6 F7 DII F8 F9 LA % A & K 5 O - OOYoutube Amazon BandLab PipelineMT |7 Google Calendar OUTLOOK @ Agent Portal ' D2L ' Essay Guide - Phillips Curves Esther Emeka Emeji: Attempt 1 PC Short-Run PL Long-Rulli Inflation rate (percent per year) 15% A Expected Inflation = 15% 5% Unemployment rate (percent) Neither the unemployment rate nor the inflation rate will change. Both the unemployment rate and the inflation rate will decrease. The unemployment rate will not change and the inflation rate will decrease. The unemployment rate will increase and the inflation rate will decrease. Question 14 (1 point) MacBook Air 20 F3 00 080 F4 F5 DII F6 F7 F8 DD F9 F10 % 5 6 V 8 O