Suppose that there is a negative aggregate demand shock and the central bank commits to an inflation rate target. But if the commitment is not credible, then
A) the public's expected inflation will remain unchanged.
B) the short-run aggregate supply curve will rise.
C) economic contraction will be worse.
D) all of the above.
E) both B and C.
E
Economics
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Fertility refers to:
A) the ratio of deaths in an area to the population of the area. B) the number of children per adult or per woman of childbearing age. C) the ability of an individual to read or write in at least one language. D) the average period that an individual may be expected to live.
Economics
Refer to the scenario above. Pat should submit a bid of ________
A) $200 B) $180 C) $45 D) $135
Economics