Economic questions

User Generated

fghql2

Economics

Unformatted Attachment Preview

Possible answers: The (expansionary gap, recessionary gap) of 44 trillion drives unemployment (below, above) Possible answers: they will negotiate a (lower, higher) wage in anticipation of an increase. Given that workers and firms have negotiated a wage based (480,300,420,360), monetary authorities (will, will not), …the Fed (will, will not) pursue an expansionary policy. Anticipated Expansionary Policy Unanticipated Expansionary Policy Short run: Change in output: (increase, decrease, no change) (no change, decrease, increase) Long run: Change in price level: (higher than initial expections, (higher than initial expections, lower than initial Lower than initial expectation, Same as initial expections) expections, same as initial expectations) Change in output: (no change, decrease, increase) (Increase, no change, decrease) Possible answers: ….unemployment for this economy is (8%,6%,12%,18%)
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer


Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags