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4 multiple choice = 1 page solution 15 multiple choice very easy Its the 3rd test im doing same thing u guys did before

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4 multiple choice = 1 page solution

15 multiple choice very easy

Its the 3rd test im doing same thing u guys did before

Answered Same Day Dec 29, 2021

Solution

Robert answered on Dec 29 2021
110 Votes
1.  
Assume that an economy has the Phillips curve π = π –1 – 0.5(u – 0.06). How many percentage point-years of cyclical unemployment are needed to reduce inflation by 5 percentage points?
Answer
    
    1.
    5
    
    2.
    20
    
    3.
    2.5
    
    4.
    10
    Not sure again on this
    
    
1.  
In the IS-LM model, a decrease in the interest rate would be the result of a(n):
Answer
    
    1.
    decrease in taxes.
    
    2.
    increase in the money supply.
    
    3.
    increase in government purchases.
    
    4.
    increase in money demand.
1.  
Assume that the money demand function is (M/P)d =...
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