In general, the faster inflationary expectations adjust, the:
a. less macro policy can influence unemployment
b. better discretionary policy can be expected to work.
c. slower the adjustment of the short-run Phillips curve.
d. stronger the case for active policy.
e. more effectively a policy can influence unemployment.
a
Economics
You might also like to view...
The free-rider problem is the reason way private markets are unlikely to achieve the efficient level of production of
A) normal goods. B) excludable goods. C) public goods. D) private goods.
Economics
Which of the following policies is designed specifically to directly promote technological change in an economy?
A) laws to strengthen property rights B) government subsidization of research and development C) tax incentives to promote investment in 401K plans D) a vaccination program to combat infectious diseases
Economics