WorksheetsMacroeconomics - p.328-340
Total questions: 6
Worksheet time: 3mins
The ___________ represents the negative short-run relationship between the unemployment rate and the inflation rate.
Short-Run Phillips Curve
Long-Run Phillips Curve
Short-Run Aggregate Supply
Short-Run Aggregate Demand
The ___________ is the unemployment rate at which inflation does not change over time.
Nonaccelerating Inflation Rate of Unemployment
Accelerating Inflation Rate of Unemployment
Stagnating Inflation Rate of Unemployment
Decreasing Inflation Rate of Unemployment
The ___________ shows the relationship between unemployment and inflation after expectations of inflation have had time to adjust to experience.
Long-Run Phillips Curve
Short-Run Phillips Curve
Long-Run Aggregate Supply
Long-Run Aggregate Demand
___________ is the reduction in aggregate demand arising from the increase in the real burden of outstanding debt caused by deflation.
Debt Deflation
Debt Inflation
Debt Stagflation
Debt Decrease
There is a ___________ on the nominal interest rate: it cannot go below zero.
Zero Bound
Zero Limit
Zero Frontier
Zero Curve
A ___________ is a situation in which conventional monetary policy is ineffective because nominal interest rates are up against the zero bound.
Liquidity Trap
Solidity Trap
Illiquidity Trap
