The Phillips Curve & Taxation Mcqs
The Phillips Curve & Taxation Mcqs, this topic has 52 mcqs, It takes five to ten minutes to complete this free The Phillips Curve & Taxation Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "The Phillips Curve & Taxation Mcqs" MCQs and share with your friends, brothers, sisters.
The Phillips Curve & Taxation Mcqs (Total Quiz: 52)
MCQ: If people have rational expectations a monetary policy contraction that is announced and is credible could ?
- reduce inflation with little or no increase in unemployment
- Increase inflation but would decrease unemployment by an unusually large amount
- increase inflation with little or no decrease in unemployment
- reduce inflation but it would increase unemployment by an unusually large amount
A
MCQ: Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?
- H
- F
- E
- c
B
MCQ: Refer to Exhibit 6.Suppose the economy is in long-run equilibrium at point E. A sudden increase in government spending should move the economy in the direction of point ?
- d
- G
- E
- b
A
MCQ: Refer to Exhibit 6.If People in the economy expect inflation to be 3 percent and inflation is 3 percent the economy is operating at point ?
- b
- I
- a
- H
D
MCQ: A decrease the Price of foreign oil ?
- Shifts the short-run Phillips curve downward and make the unemployment inflation trade-off less favorable
- Shifts the short run Phillips curve upward and makes the unemployment inflation trade-off more favorable
- Shifts the short run Phillips curve upward and makes the Unemployment inflation trade off more favorable
- Shifts the short run Phillips curve downward and makes the unemployment inflation trade off more favorable
D
MCQ: Which of the following would shift the long-run Phillips curve to the right ?
- An increase in the minimum wage
- An increase in the expected inflation
- An increase in the price of foreign oil
- An increase in the aggregate demand
A
MCQ: According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?
- The economy will experience an increase in inflation
- The economy will experience a decrease in inflation
- Inflation will be unaffected if price expectations are unchanging
- None of these answers
A
MCQ: Along a short-run Phillips curve, ?
- a higher rate of inflation is associated with a lower unemployment rate
- a higher rate of growth in output is associated with a lower unemployment rate
- a higher rate of inflation is associated with a higher unemployment rate
- a higher rate of growth in output is associated with a higher unemployment rate.
A
MCQ: The original Phillips curve illustrates ?
- the trade-off between inflation and unemployment
- The trade-off between output and unemployment
- The positive relationship between output and unemployment
- The positive relationship between inflation and unemployment
A
MCQ: If a country’s policy makers were to continuously use expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-run result would be ?
- an increase in the level of output
- a decrease in the unemployment rate
- an increase in the rate of inflation
- All of these answers
C