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Macroeconomics
⇨ Macroeconomics — 12e — Gordon
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Macroeconomics
— 12e
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An increase in the real money supply will have its maximum effect on the equilibrium level of GDP ...
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What is the "inflation tax"?
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Under the adaptive method of estimating expected sales in the simple acceleration theory, if a ...
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Which of the following is NOT an argument of nonactivists?
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In the "nonmarketclearing model" the level of final goods sales and unemployment ...
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"Overshooting" refers to a temporary period in the adjustment loop during which
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Stagflation may be explained by
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The major difference between the lag in monetary policy versus the lag in fiscal policy stems from ...
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Which of the following was NOT part of the financial deregulation of the 1970s and 1980s?
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The purchasing power parity theory (PPP) of the exchange rate holds that if is the nominal ...
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If a constantgrowthrateofmoney policy is to achieve constant growth of nominal GDP, velocity
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If the proportion of GDP that people choose to hold in the form of money balances is 0.25, then a ...
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The government budget constraint tells us that to the extent that government expenditures are NOT ...
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According to "Okun's Law," if expansionary monetary policy were to increase Y/Y(N) by 3 ...
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If all firms are paying efficiency wages and nominal aggregate demand falls, then between ...
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Just after a cyclical trough, given the excess capacity in the economy, there should be an unusually ...
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A rising inflation rate tends to injure the following types of people:
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Suppose that from an initial AD/SAS/LAS intersection, the money supply grows by six percent. At the ...
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From an initial longrun equilibrium with zero nominal demand growth, nominal GDP growth rises to a ...
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Switzerland has experienced the lowest rate of price increases in the post World War II period. ...
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