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ECO 4223 Exam 2 With Questions And 100% ALL DETAILED CORRECT ANSWERS
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JACKLINEECO 4223 Exam 2 With Questions And 100% ALL DETAILED CORRECT ANSWERS
Terms in this set (55)
In the model of fiat money developed in Lecture Irredeemable Paper Bank Notes.
7, the demand for money is the demand to hold
________.
In the model of fiat money developed in Lecture have no non-monetary uses.
7, the supply of money is just the total stock
issued by the central bank because fiat monies
_________.
Unlike the gold standard, there is _______ no automatic
mechanism to govern the supply of money in a
fiat money regime.
How a central bank conducts monetary policy on both the information available to policymakers and the incentives policymakers face.
will depend __ _.
ECO 4223 Exam 2
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, 10/4/24, 9:47 AM
In the 1960s and early 1970s, most economists inflation, unemployment
believed there was a stable, exploitable tradeoff
between _____ and _____ _.
In the 1970s, the United States experienced stagflation
_________.
The (naiive) Phillips Curve was thought to higher inflation
represent a menu of policy options, whereby
policymakers could achieve a lower
unemployment rate so long as they were willing
to put up with ______ , and vice versa.
Notable absent from the (naiive) Phillips Curve Inflation Expectations
was a reasonable assumption about _____ _.
When inflation expectations decrease, the down
expectations augmented Phillips Curve shifts
________.
The long run Phillips Curve is conventionally horizontal; the natural rate of unemployment, U".
drawn as a_____ line that intersects the axis at
__________.
According to Abrams (2006), political monetary Federal Reserve Chair
(or business) cycle political monetary cycle
exists in the United States, but only when the
President and the _______ share party allegiance.
A country experiences hyperinflation when the 50 percent per month
price level grows more than ______ _.
Use the rule of 70 to calculate approximately 23.3 months
how long it will take prices to double in a
country with an inflation rate of 3 percent per (70/3) months
month.
Use the rule of 70 to calculate the approximate 5.8 percent per year
inflation rate in a country that has seen its price
level double in 12.1 years. (70/12/1) per year
ECO 4223 Exam 2
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